From the Lafayette Journal and Courier:
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In other business, chief financial officer Eric Rody updated the board on the anticipated loss of revenue due to property tax caps.
It is estimated LSC will lose $1,217,399 this year due to the caps that restrict schools and other government entities from collecting property tax amounts higher than a certain percentage of each parcel’s assessed value.
Rody said that amount will be broken down proportionately between the district’s four property tax-supported funds: about $608,000 from the debt service fund, about $353,000 from the capital projects fund, about $187,000 from the transportation fund and about $55,000 from the bus replacement fund.
http://www.jconline.com/apps/pbcs.dll/article?AID=2012305290034
