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Treasurer says five‑year forecast points to deficit by 2029; board debates EdChoice lawsuit and possible levy
Summary
The treasurer updated the May five‑year forecast, noting timing‑related property tax shortfalls this year and a projected negative ending cash balance by 2029; board members discussed EdChoice voucher impacts, potential litigation and the timing of a levy.
Treasurer (Mr. Hill) presented the board’s May five‑year forecast Tuesday, saying timing of county property tax collections produced a shortfall this fiscal year and that the district faces a projected declining cash balance through fiscal 2029.
Mr. Hill said general property taxes make up about 73% of district revenue and that the late mailing of county tax bills pushed collections behind schedule; as a result, he reported the district collected $49,997,005.25 in general property taxes for the current year, slightly below prior expectations. He told…
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