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Tuscaloosa City Schools reports modest revenue uptick in October; staff warn of a planned 4–5% budget reduction
Summary
The district’s finance director reported a month-over-month sales tax increase and the first property tax receipts for the fiscal year, but said the system is operating with a deficit budget and planning a roughly 4–5% spending reduction next year.
Tuscaloosa City Schools’ finance staff told the board on Jan. 14 that the district saw small increases in sales tax and property tax receipts for October 2024, but remains under a deficit budget and is planning reductions in the coming budget cycle.
“Mister chairman, we are looking tonight at the first month of our FY25 fiscal year,” the finance presenter said, noting an uptick in sales tax revenue compared with October 2023 and the first property tax receipts after collections began Oct. 1.…
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