Long Beach schools come up $1M short
Published 11:46 pm Wednesday, November 25, 2009
The Long Beach School District has found a $1 million shortfall in property tax collections from last year.
School officials said that the district normally gets about $6 million from property taxes, but received only $5 million during the fiscal year.
The county collects property taxes for the city and the school district and sends the money to the city, which writes a check to the school system.
The school district must show the state the amount of assessed property there is in the school district, which helps determine how much money the district gets from the Department of Education. The more money a school district get locally, the less it gets from the state.
Local officials have asked the state auditor to help determine what happened.