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Finance committee flags drop in corporate tax revenue; early-childhood center on schedule
Summary
The district’s finance and facilities advisory committee reported stable expenditures but revenue shortfalls driven by a multi‑year decline in corporate personal replacement tax receipts and reduced federal funding; the new Debbie Secora Early Childhood Center is on schedule with a public ribbon-cutting set for Aug. 21.
The Valley View School Board on Aug. 4 heard a report from its finance and facilities advisory committee that expenditures are slightly under budget but revenue performance has lagged, driven in part by a multi‑year decline in corporate personal replacement tax revenue and reduced federal funding.
Ms. Romanos, the district director of finance, presented the fourth-quarter financial statement for FY 2024–25 and said expenditures had come in slightly under budget while revenue was below expectations. Committee members flagged a sustained decrease in corporate…
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