In his regular monthly budget updates, CFO Brian Whittle has highlighted several external forces that are creating uncertainty as the district plans for the future. In addition to inflationary pressures on supplies and utilities, several other items bare watching.
In addition to the first year of implementation for the Senior Tax Credit, which was a $500,000 loss to FZSD this year, other changes to real and personal property taxes are pending. Local resources make up about 67 percent of the district’s budget. No alternative revenue sources have been proposed should real and/or personal property taxes be capped or eliminated.
The governor’s task force on education funding is scheduled to file its report at the end of this year. Changes to the foundation formula could impact FZSD revenues. State resources make up about 25 percent of the district’s budget.
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