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APS getting $1.3 million less in local taxes for second half of year

By John Published: September 26, 2011

Akron Public Schools receives two settlements a year for local property taxes, one in March and one in August. Treasurer Jack Pierson reports that the August settlment of $52.9 million is down by $1.3 million over last year. About a $1 million of the shortfall is from residential taxpayers. The rest is from  industrial/commercial taxpayers.

"In speaking to the Auditor's Office, they speculate (and I agree), that this new reduction we experienced is due to the increased number of taxpayers that are not able to pay," said Pierson in a letter to school officials included in the board packet for the meeting tonight.

About 36 percent of Akron's annual operating budget comes from local property taxes.

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