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District reports drop in some local tax revenues; enrollment down slightly in period 8
Summary
Finance staff reported lower local shared tax revenues compared with the prior year (property tax and sales tax impacts), while enrollment fell by 23 students between period 8 this year and last; average daily attendance edged up to 95.9 percent and truancy remained at 443.
District reports drop in some local tax revenues; enrollment down slightly in period 8
Murfreesboro City Schools’ finance staff told the board that local shared revenues — including property tax and sales tax — are below last year’s levels and that the district is approximately $400,000–$500,000 down on property-tax-related shared revenue compared with the previous year. The district also expects a delayed mixed-drink tax payment that staff said could total roughly $300,000 and offset part of the shortfall.
Mister Owens presented the revenue-and-expenditure update, saying expenditures are also down compared with the previous year and that overall "we are in good pace minus our local shared property tax and sales tax." He noted the mixed-drink tax payment had not been received at the time of the report and was expected to be reported in the next month.
On enrollment, staff reported period 8 enrollment is down by 23 students relative to the same reporting period last year; average daily attendance (ADA) rose slightly from 95.3% to 95.9%. Truancy stood at 443 students — unchanged from the prior year — and chronic absenteeism showed a 30-student difference from the previous period. Staff cautioned that registrations and the timing of student movement typically fluctuate at this time of year and that district leaders are watching year-end and August registration trends closely in light of charter and voucher program changes.
Board members asked whether the property-tax shift at the county level explained the drop; finance staff confirmed that shifting a penny between shared funds affects district revenue and that the district’s share can equal several hundred thousand dollars depending on the penny moved and ADA calculations. The finance presenter noted continued monitoring and that more detailed mixed-drink tax reporting would come next month.
The board approved the revenue-and-expenditure report by motion and voice vote; no roll-call tally was recorded in the meeting transcript.
