Recent legislation, state board action increase financial pressure for Alva Public Schools
April 7, 2021
After more than a year of dealing with falling revenue from gross production (oil and gas) taxes, the Alva Public Schools are facing more financial pressure from new legislation and a state school board decision.
Superintendent Tim Argo told the school board Monday that gross production revenue is down $615,000 from last year. Like other schools, Alva is also affected by companies protesting their valuations which can go on for years.
Revenue from motor vehicle taxes is down $97,000. The REA revenue is down a little. The only bright spot is earnings from school land which amounted to a to...