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Local superintendents warn LIT changes could slash school operating dollars
Summary
Superintendents from Mooresville and Martinsville said the proposed local income tax structure could create sizable operating shortfalls: Mooresville estimated roughly $700,000 lost (about 7% of operations); Martinsville warned of multi-million-dollar impacts and urged public engagement.
Several school leaders told the task force the proposed structure risks deep budget cuts for districts. Jake Allen, superintendent of Mooresville Schools, said: "It is about $700,000 for Mooresville Schools. We're about 7% of our operation budget." He said increased costs for transportation and insurance mean districts have limited ability to absorb reductions and may need to defer bus purchases and other fixed costs.
Eric Bolen of Martinsville Schools echoed the concern and warned changes could widen funding gaps between affluent districts and those with smaller tax bases. Bolen urged residents to "pay attention to what's going on" and to communicate with legislators, noting many districts across the state are seeking referendums to shore up funding.
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