The Corporate Personal Property Replacement Tax is a huge piece of the revenue Monticello Schools rely on for annual budgeting but thanks to COVID, this year's funding is anticipated to be down.
Monticello Schools Superintendent Dr. Vic Zimmerman tells Regional Radio News, they are planning on CPPRT to be down this year because of the tax ebbs-and-flows with the economy.
While the situation is not ideal, Dr. Zimmerman says they do plan for these circumstances through conservative budgeting.
According to Dr. Zimmerman, the impacts of CPPRT dips are likely to impact this year and next year's budgets.
Dr. Zimmerman is confident because they have the fund balances to make it through the next few years and he hopes the community will be as well.