From Deseret News archives:
Utah County school revenues up
Increase linked to hefty rise in property values
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Despite the decrease in this year's tax rate, Nebo School District will still get almost $6 million more in revenue than last year.
Last year, property taxes provided $34.3 million; this year it will provide $40.2 million, district business administrator Tracy Olsen said.
The state helps the district compensate for its relatively small property tax revenue. But because the higher valuations, Nebo will lose $1.7 million in state money.
"If the district collects more money locally, the state puts in less," Olsen said.
About $2 million in new money will be used to pay off bond debt, he said.
Contributing: Amy Choate-Nielsen
E-mail: lhancock@desnews.com
Recent comments
Quite a few details were left out of this story.
Alpine got...
Unhappy Alpine School Mom | Aug. 28, 2007 at 6:07 p.m.
Oh great. Revenue is up. Now the district can hire more...
SchoolDad | Aug. 27, 2007 at 9:31 p.m.
If RS will take the time to really look at the numbers, it will...
Yup | Aug. 27, 2007 at 8:04 p.m.
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