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El Campo ISD board hears $650,000 tax-collection adjustment tied to appraisal district error
Summary
Trustees discussed a late $650,000 increase in local tax collections caused by County Appraisal District valuation errors and what it means for the district's budget and state funding formula.
Trustees of the El Campo Independent School District on Dec. (date not specified) were briefed on a $650,000 adjustment to the district's tax collections that district staff traced to errors by the County Appraisal District (CAD).
The increase was described by district staff as a bookkeeping/valuation correction rather than new, recurring local revenue. "The CAD had made another error," a district staff member said, explaining the adjustment generated about $650,000 in additional locally reported value but that "that $650,000 is technically a wash because what we increase in on our tax side, we're going to actually decrease what we get from the state money." The staff member added, "We will get a lift we'll get less money. We generate more, we get less."
Board member Kathy Smith, who the board identified as the…
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