Yet another source of revenue for Illinois school districts is being threatened by Springfield.
The Corporate Personal Property Replacement Tax, CPPRT, is the latest source of revenue to be in jeopardy for area schools. According to Dr. Kristen Kendrick-Weikle, the CPPRT funds had an alleged oversight in recent years and too much money was administered, because of that, the state is talking about cutting back the amount of money administered to qualifying districts.
Dr. Kendrick-Weikle indicates there is a complication in getting a cut in CPPRT funds. She explains the amount of CPPRT funds you receive impacts the dollars a district receives in general state aid.
For Warrensburg-Latham schools, it means around an $18-thousand impact in their funding and Dr. Kendrick-Weikle says it should be interesting to hear from the various parties what this will mean moving forward.
Dr. Kendrick-Weikle says details at this point are minimal and says it feels like another blow to the mission of schools.
While the news can sometimes feel like it never is good, Dr. Kendrick-Weikle tries to keep her focus on the students of the district and the learning taking place, since that is the purpose of the school system.