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ALIEF ISD officials warn a narrow property-value audit margin could cost millions as district trims planned bond sale
Summary
ALIEF ISD's finance leaders told trustees the district narrowly met a state property-value confidence test and outlined plans to reduce this year's bond sale to about $35.5 million; they warned falling below the 95% threshold could cost the district an estimated $8 million and complicate future funding.
ALIEF ISD finance officials told the board that a recent property-value study by the comptroller nearly placed the district below the state's 95% confidence threshold, a result that could force the state to substitute "state values" for local appraisals and reduce the district's funding.
"We almost had a miss," Emily Littlefield, the district's chief financial officer, said during the board's budget update. She said the comptroller's review showed certain commercial (F-1) property categories were particularly close to falling below the required confidence interval.
Why it matters: If the district is assigned state values, Littlefield said, the state will calculate school funding using those lower…
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