Great Indoor Folk Festival ~ Feb 12, 2012
Glen Lake may become 2nd out of formula district in county
The Leelanau Enterprise reports that Glen Lake School district may join Northport in relying only on non-homestead property tax revenue to fund its $6.7 million annual budget. The change is mainly due to the preponderance of second homes and parkland and could reduce the district’s 2006-07 anticipated deficit from $184,000 to $75,000 or $80,000.
Read G-L may go 'out of formula' in the Enterprise for an explanation of this complicated issue. Also see Funding change could help relieve Glen Lake budget in the Traverse City Record-Eagle.
