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.