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External consultant warns Carmel Central faces multi‑year revenue shortfall under tax cap
Summary
Dr. Rick Timbs told the Carmel Central School District Board of Education that repeated decisions to levy below the allowable tax cap have left the district cumulatively short of revenue and urged immediate public outreach and targeted cuts to preserve core programs.
Dr. Rick Timbs, a school finance consultant retained by the Carmel Central School District, told the Board of Education on Feb. 27 that the district faces a structural revenue problem driven by repeated levies below the state’s tax‑levy cap and the imminent end of federal COVID relief dollars.
“Those three paragraphs in your audits are telling you right now, you are in big trouble financially,” Timbs said, walking trustees through the tax‑cap calculation and a series of modeled scenarios. He presented an analysis showing that, by not capturing the full allowable levy in recent years, the district left what he estimated to be more than $1 million in one year and a cumulative…
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