•December 23, 2015•

By Ariana Cherry
For the News Progress

The Arthur-Lovington/Atwood-Hammond School Board approved its 4.97% property tax levy for taxes payable in 2016 at its most recent school board meeting.

The district also voted to abate the sales tax for year 2015 to pay debt service on General Obligation Bonds which is an alternate revenue source. The sales tax is the primary revenue source to pay for the junior high addition. If something happens to the sales tax, then the district would have to use property taxes,” Superintendent Kenny Schwengel said.

Supt. Schwengel stated that all funds are in the black and the checkbook has around $6.177 million. “We are still waiting on reorganization money. We haven’t received any special education funds or transportation money.The general state aid funding will come through in June at a reduced rate of 92%,” he said.

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