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Tuscaloosa City Schools finance chief: revenues tracking close to budget; $600,000 special-tax repayment, bus purchases, and bond payments noted
Summary
CSFO Jay Duke told the board revenues are near budget through February 2026 but flagged a planned $600,000 repayment tied to a special property tax district; the district plans about 25 bus purchases (over $3 million) and faces roughly $11 million in bond payments in July/August.
CSFO Jay Duke told the Tuscaloosa City Schools board on May 5 that the district’s revenues and expenditures are closely tracking the adopted budget through February 2026, about the fifth month of the fiscal year.
Duke said local property-tax receipts and vehicle tag revenue are "coming in good" and are slightly ahead of budgeted expectations but cautioned the district will need to repay roughly $600,000 in August tied to a November 2024 ballot initiative creating a special property-tax district. "Just keep that in mind as you see those numbers a little bit ahead of what it might seem," Duke said.
Duke repo…
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