Money in the fund which totaled . The county looks at that request and says We re going to tax this much she said. Those are the two places where it is in our audit Brown said. Part of the issue is how things are named. The total revenue for the McCormick school district was . million in the most recent budget but only a percentage of that comes from county and millage tax rates. million coming from property taxes. The school district budgeted for . million that year so anything collected above that amount went into the overcollection account Brown said. Over the years the district has made requests to council for various projects and to balance the budget. The most recent use of the overcollection fund was to pay for software the county needed. School board members voted to use those funds and submitted a request to the county council. The council voted to accept that request and transfer the funds. The board and council must approve any transfer befor! e tapping into the overcollection fund. There is no magic money in McCormick. In no way do they represent the view of The Index Journal.
Source: http://www.indexjournal.com/articles/2007/12/06/news/news03.txt
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