A major drop in the county’s tax digest will eat away at the Jackson County School System’s recent budget surplus by $2.4 million, according to officials.
District officials recently announced that the school system ended the 2010 fiscal year on June 30 with a $3.3 million surplus — after starting the 2009-2010 school year with a $908,600 shortfall.
But a large portion of that surplus — which was largely gained with dramatic cuts, including layoffs — was slashed last week when school system officials learned that the Jackson County tax digest was expected to drop at least 5.3 percent this fall.
The news was especially bad for the Jackson County School System, because its tax digest is slated to fall by 6.2 percent or more.
The difference leaves the county school system with an estimated $900,000 surplus.