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Nyssa SD 26 finance chief flags lost revenue after Oregon law forces county to reclaim tax surplus
Summary
District finance staff told the Nyssa School District 26 board that an Oregon law change required Malheur County to reclaim certain surplus tax proceeds previously distributed to the district, creating a negative revenue line in February tied to years 2017–2023 and prompting staff to flag a possible supplemental budget in May.
Crystal, the district finance presenter, told the Nyssa School District 26 board on March 9 that a recent change in Oregon law requires county treasurers to set aside surplus funds for return to property owners or their heirs, rather than distributing those surpluses to taxing districts. "There has been a law change in Oregon, and they were are notifying us that some of the taxing districts who have received surplus funds in the past ... now need to be set aside," Crystal said, explaining that the county had taken back surplus funds covering 2017–2023.
Crystal walked the board through the district’s packet…
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