Home » NEWS » Education » School district enjoys one-time 'windfall'

School district enjoys one-time 'windfall'

CANTON — Madison County schools may be able to keep several teaching positions next fall because of a nearly $260,000 one-time windfall.

Leavitt Tube, LLC, owes back taxes dating to 2003. Tax assessor Gerald Barber said an oversight led to the company not paying taxes on its buildings and grounds after a 10-year tax exemption lapsed.

School Superintendent Mike Kent welcomed the good news.

Earlier this month, Kent told The Clarion-Ledger that the district might have to eliminate 40 teaching units to balance the upcoming budget because of cutbacks from the state.

In addition to the back taxes, Barber says the school district can expect Leavitt Tube to pay its yearly taxes from now on. The annual amount, over the past seven years, has ranged from $31,199 to $49,628.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*