Moore County Schools reports $86,197 revenue shortfall from property tax calculation error

Moore County Schools reported at its July 14 meeting that 2025-26 budget revenues decreased by $86,197 because the property tax calculation failed to back off a 2% delinquency. The Director of Schools told the board the 2024-25 fund balance is sufficient to cover the shortfall for now and that additional discussion with the mayor is expected at the next council meeting.
The minutes attribute the revenue decrease specifically to a calculation error on property taxes rather than to programmatic spending increases. The board did not take a formal vote on budget adjustments at the meeting; the minutes indicate the matter will be revisited after the district obtains more accurate information from the mayor's office and related parties.
The board recorded this as part of the Director's report; no staff projections or revised budget documents are included in the minutes. The timing of required budget amendments, if any, was not specified in the minutes.