Minor Matter, But - The Middletown Board of Education has to squirm for at least six months, and sometimes borrow a good number of coppers, before real estate revenues, theoretically due in February and August each year, ever reach the school treasure chests. In April, the board was forced to borrow $130,000. About $180 of taxpayers’ money was paid in interest simply because that same taxpayers' money in Butler County does not get to the school board as fast as it should. State law suggests that the county budget commissioners set tax rates in July of one year, begin their first collection in December and make their final settlement to school boards in February of the next year. The second tax collection is supposed to begin in June, with all revenue distributed by August...
Minor Matter, But - The Middletown Board of Education has to squirm for at least six months, and sometimes borrow a good number of coppers, before real estate revenues, theoretically due in February and August each year, ever reach the school treasure chests. In April, the board was forced to borrow $130,000. About $180 of taxpayers’ money was paid in interest simply because that same taxpayers' money in Butler County does not get to the school board as fast as it should. State law suggests that the county budget commissioners set tax rates in July of one year, begin their first collection in December and make their final settlement to school boards in February of the next year. The second tax collection is supposed to begin in June, with all revenue distributed by August...
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