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Budget committee weighs shifting $300,000 in school sales-tax revenue to avoid proposed property-tax increase
Summary
Committee members discussed a staff proposal to increase the sales-tax portion allocated to schools by $300,000 and reduce property-tax allocation by the same amount as a way to avoid a proposed 10¢ property-tax hike; members warned such a swap could rely on irregular sales-tax receipts.
Chair (speaker S1) opened the Budget and Finance Committee meeting and said staff had discussed an option to avoid a proposed 10¢ property-tax increase by changing how school revenue is allocated. The staff suggestion, relayed by Chair, would raise the sales-tax portion credited to schools by $300,000 while reducing school property-tax allocations by the same amount, keeping…
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