SCSD Finance, Legal Committee Hope for No Tax Increase
April 13, 2023
During the Spring Cove School District April finance and legal committee meeting, District Business Manager Steven Foor announced that there should be no tax increase for the district according to the preliminary budget for the 2023-24 school year. The millage should be maintained at 11.2506.
Total revenues from the local, state and federal levels for the district should be $27,907,140. Other financing sources from assigned debt service, which amounts to $281,598, brings the total projected revenue to $28,188,738. Total expenditures for the district are at $30,655,322 leaving a budget defic...