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Pine Bluff district finds state reporting error, receives $922,000 true-up
Summary
Superintendent told the board the Arkansas Department of Education reported the district using the old millage rate; the state issued $922,000 to correct the record and the district said it effectively gained about $1.5 million compared with earlier estimates.
Superintendent Barley told the Pine Bluff School District board that state reporting of local tax revenue used an old millage figure and led to an incorrect claim that the district had overcollected revenue.
The district received a final foundation funding payment and a $922,000 reimbursement from the Arkansas Department of Education, Barley said, which brought the district’s calendar-year reporting in line with the mills the board approved. "We just got in today. We've got our last foundation funding payment, plus the state has also reimbursed us $922,000 to…
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