Budgeting, Tax Trims in Conflict
Bids to cut property levies threaten education funding.
Florida voters’ overwhelming approval last week of a constitutional amendment slashing their property taxes—and potentially costing schools millions of dollars in funding—illustrates the vexing trade-offs policymakers nationwide face in trying to reduce one of the most unpopular of all taxes.
While lower tax bills may make homeowners happy, they threaten a precious and typically stable source of revenue for school districts, while shifting more of the financial burden to a state government already coping with budget pressures from a slowing economy.
It’s a drama that’s playing out in a number...
This article is available to subscribers only.
To keep reading this article and more, subscribe now or start a 2-week FREE trial.
Access selected articles, e-newsletters and more!
- Grand Center Arts Academy, St. Louis, MO
- Senior Content and Curriculum Leader
- BrightBytes, San Francisco, CA
- Superintendent of Schools
- Orleans Parish School District, New Orleans, LA
- Chief Schools Officer - International Baccalaureate (IB)
- International Baccalaureate, Bethesda, MD
- 9-12 Social Studies/PE & Health Teacher #349
- Nye County School District, Pahrump, NV