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October 21, 2014, 4:31 pm
970 WMAY News

New Wrinkle In School Revenue Discussion: District Discussed Joint Sales Tax Hike With City


District 186 has added a new possibiliity to a list of revenue-generating ideas for Springfield schools: a possible sales tax hike with proceeds to be shared by city government.

 

Superintendent Walter Milton says he has had a brief conversation with Mayor Mike Houston, as a courtesy, to let him know he was floating the idea.  But Milton says Houston did not immediately reject the idea, although no specifics have been discussed.

 

It's one of several ideasa floated to bring in more revenue and help soften the blow of multi-million-dollar budget cuts for the school district.  Other ideas include the sale of working cash bonds, a property tax referendum, or relaxing the distirct's minimum fund balance policy.

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