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District business office: $12,375 earmarked for athletic field revolving fund; $39,798 extra rental revenue will offset taxes
Summary
At the June 4 meeting the business administrator reported the district has collected $12,375 in field rental fees for a voter-approved athletic field revolving fund and an additional $39,798 in unanticipated rental revenue that will offset taxes.
Kim (Business Administrator) told the Oyster River School Board on June 4 that the district has begun accumulating rental income designated by voters to a new athletic field revolving fund and that other unanticipated rental revenue will reduce the upcoming tax rate.
The board approved a voter-created field revolving fund in March 2024 to collect and reserve athletic-field rental fees specifically for future maintenance and replacement. As of the district…
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