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Presenter warns new charter will increase transfer‑out of property taxes to charter; staff to quantify effect
Summary
Presenter said the new charter will raise the property‑tax transfer out (in‑lieu) and estimated about 200 students transferring (95% attendance assumption) with staff promising a detailed breakdown for the June materials and a fall follow-up once actual counts are known.
District finance staff told trustees that the new charter will increase the transfer‑out of property taxes (the in‑lieu transfer tied to ADA) and that staff will include the specific amount in the adopted budget exhibits. "My preliminary assessment of that is that the transfer out... is gonna jump up by about $22,200,000," the presenter said while outlining modeling assumptions (the transcript shows the presenter estimating the transfer-out based on an assumed number of students and attendance). He added he was using an estimate of about 200 students at a 95% attendance assumption and that the precise effect will appear in SACS reports and the adopted budget.
Trustees asked for a future agenda item to compare expected savings from consolidations and school closures to realized savings after charter openings; staff recommended a fall analysis once actual student movement is known. The presenter said he will prepare bullets showing historic transfer out and the specific amount attributable to the new charter for the June public hearing.
