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Pine Bluff School District reports year‑end revenues, bond interest and $31.9 million spent on new high school
Summary
Superintendent Martin reported the district received $26,362,309 in local tax revenue for the year and said the state issued $922,000 to restore the district's guaranteed collection rate; bond proceeds have earned about $3.3 million in interest and $31,883,556 has been spent so far on the new high school.
Superintendent Martin reported to the Pine Bluff School District Board that the district received $26,362,309 in local tax revenue for the fiscal year and that the district had budgeted revenue based on a 94% collection assumption.
"In June we received about $1,400,000 of the last of our tax dollars," Superintendent Martin said. He told the board the state issued a payment of $922,000 to shore up the foundation funding after the district's local collection rate did not reach the 98% guarantee. "So we're good as far as…
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