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District reports property tax shortfall driven by circuit breaker; board finance reviews investments
2097366 · January 10, 2025
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Summary
Business office representatives told trustees the district collected less property tax than certified, largely due to circuit breaker losses, and the Board of Finance reviewed investment earnings and fiscal indicators.
South Madison Community School Corporation business staff reported a property tax collection shortfall and presented the board finance report, which included investment earnings and fiscal indicators.
Mr. McCarty told trustees the district’s certified property tax levy and actual collections for 2024 differed, with the administration reporting a…
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