The College Station school district finished the 2017-18 school year with unexpected revenue of $900,000 dollars.
Deputy superintendent Mike Martindale says more than a third of the additional money was the result of a settlement with the state over a property value audit from four years ago.
Martindale says the additional money has gone back to CSISD’s fund balance…or savings account. In part, that’s because it’s not known what state lawmakers will do about school finance in the next session.
Martindale says not only does the district have more expenses, CSISD is paying more to the state as part of the current school finance formula to subsidize poorer districts.
Click below for comments from Mike Martindale, visiting with WTAW’s Bill Oliver.
Listen to “CSISD finishes the 2017-18 school year with more money” on Spreaker.