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CSFO: Early property-tax collections and modest sales-tax growth keep district revenue healthy
Summary
Chief School Financial Officer Jay Duke told the board that early property-tax collections and slight sales-tax increases have kept fiscal-year revenue on track two months into the year; staff highlighted per-pupil funding trends when adjusted for inflation.
Chief School Financial Officer Jay Duke presented financial reports for the months ending Oct. 31 and Nov. 30 and told the Tuscaloosa City Schools Board that revenue and expenditures are tracking close to budget early in the fiscal year.
"At this point, we are 2 months in our fiscal year, which began Oct. 1 and again ending Nov. 30. So we're 16% into our budget year," Duke said. He said property-tax collections are coming in "healthy early compared to the last few years," and that the district's budget for property…
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