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Sales-tax uptick and PPRT decline leave revenue picture mixed, superintendent says
Summary
Superintendent Steve Ptacek reported June sales tax was lower than last year’s June but the district collected $556,191.75 more than predicted for the year; PPRT is down about $49,490 year over year.
Superintendent Steve Ptacek presented the district's fund tracker and revenue updates to the board on May 20. He said the district received May and June reports and that "for the first time this year June's sales tax was lower than the previous year's sales," while also reporting the district gained $556,191.75 more than predicted across the year.
Ptacek also reported that PPRT (personal property replacement tax) receipts are down $49,490.34 compared with the same time last year (estimated $2.8 million, actual $2.7 million). He cautioned that timing and the state revenue stream remain inconsistent, and that state categorical programs such as Special Education and Transportation are expected to decrease next year but that the district's fund balances provide a partial buffer.
