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Ferguson-Florissant board hears fiscal snapshot, recommends two-part repayment of $7.05 million tax anticipation note
Summary
District finance staff reported year-to-date revenue of $58.7 million through Dec. 31, 2024, a $4.6 million decline in property tax receipts versus last year and recommended repaying a $7.05 million tax anticipation note in two installments on Feb. 1 and March 1.
The Ferguson-Florissant School Board received a financial update Wednesday showing $58,700,000 in revenue collected through Dec. 31, 2024, and a recommendation to repay a $7,050,000 tax anticipation note (TAN) in two principal payments on Feb. 1 and March 1.
The detail matters because the district reported property tax receipts about $4,600,000 below the same point last year and has $25,364,831 in cash available as of Jan. 17, 2025. Dr. Singleton said the district is “about 37%” of revenue collected against the original $158,000,000 budget and described a drop in investments from roughly $20,000,000 to about $114,184 as…
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