Land Value to Reap Less for Schools ; 'Less of an Increase' Seen in Columbia Tax Forecast.

Summary


In preliminary budget projections, Columbia Public Schools is planning on receiving less of an increase in revenue from property taxes next year than it received last year.

A slowdown in new construction and fewer people buying new vehicles has led school officials to use the informed prediction that tax receipts will rise but will be $446,000 less than last year's increase. If accurate, that would further cloud the school district's already gloomy financial situation.

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Extract


Land Value to Reap Less for Schools ; 'Less of an Increase' Seen in Columbia Tax Forecast.

This year, the district saw a 3.49 percent increase in the assessed valuation of property, which correspo...

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