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Summers County board hears budget outlook as proposed levy projects $4.7 million in local tax revenue
Summary
At its May 14 meeting the Summers County Board of Education reviewed a budget projecting $4.7 million in local tax revenue after higher property values and pipeline receipts; staff warned the district will rely on carryover and must finalize the budget for state filing by May 30.
At its May 14 meeting the Summers County Board of Education reviewed a proposed budget that relies on an anticipated $4,700,000 in local tax collections, a figure staff said is higher than earlier estimates because property values increased and the district received pipeline revenue.
Staff member (S2) told the board the district's projected net local taxes are "the $4,700,000," and said that figure is about $650,000 more than the estimate used when planning earlier in the year. S2 outlined the broader revenue picture: roughly $18.5 million in total estimated revenues, including about $10.3 million in state aid and an estimated…
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