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Brooke County Schools board warns of $7.68 million drop in local tax revenue, approves proposed levy rates
Summary
District officials told the board they expect a $7.68 million decrease in local tax revenue tied to a gas-and-oil royalty dip, said payroll accounts for about 80% of the budget, and warned that major projects will be deferred; the board approved proposed levy rates unanimously.
Brooke County Schools officials told the board that the district faces a substantial decline in local tax revenue and approved proposed levy rates at the meeting.
A district official told trustees the district expects roughly a $7,680,000 decrease in local tax revenue compared with last year, attributing the shortfall to a drop in gas-and-oil royalty payments. "We knew last year or this year, we were gonna…
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