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Lenoir City Schools asks council to oppose county cut to adequate facilities tax share
Summary
Lenoir City Schools Director Dr. Mills Smith told council an apparent county effort could eliminate the city's 12.5% share of the adequate facilities tax, potentially costing the district about $209,000; councilors agreed to send a non-inflammatory letter to county leaders and requested the underlying agreement.
Lenoir City — Lenoir City Schools Director Dr. Mills Smith told the city council that the district faces a possible loss of its 12.5% share of the adequate facilities tax, which she estimated would reduce school revenue by roughly $209,000 if the county removes the city's allocation.
Dr. Mills Smith said she learned that county commissioners may be considering eliminating the city's 12.5% allocation under the adequate facilities tax agreement, which the director described as having been negotiated previously for a four-year period ending this fiscal year. "I just wanted to get all the context and all the information…
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