December 10, 2013
OZARK, AL-- Ozark residents paying their property tax on time might be a good thing, but it isn’t for the school system’s budget.
Between February to March the Ozark school system saw a loss in property tax revenue of more than $360,000 this number affects how much they can spend on operations.
Vivian Miller said, CFO Ozark City Schools said, “It all goes into our general fund and so it covers utilities, maintenance, any other instructional supplies that aren’t covered elsewhere in the budget. So it really hurts us.”
School leaders said this isn’t cause for concern. Normally this drop happens because people pay their property tax by the December 31st deadline so that revenue stream dries up.
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