Supt. Mike Faulk on School System Revenue

The Central Community School System continues to maintain a focus on financial stability. The general funds budget from all sources totals about $38 million with $23 million from the state. Locally, revenues have been increasing at a slow but progressive rate. General Fund property tax revenues are increasing at a rate of 4 percent a year. Sales tax revenues have not taken the plunge as in other areas. The sales tax growth in the general fund has been at a rate of 3 to 4 percent a year. I believe we will continue to see steady growth in local revenues as residential developments and new businesses locate here.   The financial challenge will be determined by the magnitude of any reductions by the state. The greater the magnitude the more we will have to evaluate the allocation of our resources. Challenges we face are increased costs in retirement contributions, increased health care costs for all employees and general inflationary increases.