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District finance update: foundation formula below full payout and county senior tax‑relief applications reported
Summary
Cindy Sullivan told the board state foundation formula payments are at 98% (about $1.4 million short of 100%) and reported Clay County’s senior real estate property tax relief application counts; transportation funding and donations were also noted.
Cindy Sullivan, the district finance presenter, reported revenue benchmarks and recent donations during the finance update.
Sullivan said the state foundation formula currently is being paid at 98 percent; she estimated that a full 100 percent payout would equal roughly $1.4 million more than currently expected. She noted that the 2 percent…
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