School Funding Will Not Be Reduced by Aircraft Tax Break: ; School Aid Formula Adjusts to Compensate for Lost Money
Charleston Daily Mail › February 12, 2008
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Summary
Even though more than $800,000 will be pulled from the Kanawha County schools budget by a proposed tax break for owners of aircraft parked or used in West Virginia, school administrators say it's nothing they can't handle.
"We stay the same," said Harry Reustle, Kanawha County schools treasurer. "We'll receive the same amount of money."See the full content of this document
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School Funding Will Not Be Reduced by Aircraft Tax Break: ; School Aid Formula Adjusts to Compensate for Lost Money
That's because of the school aid formula, which would adjust to compensate for the lost money.
The issue has come about because Gov. Joe Manchin has proposed legislation that would tax airplanes and helicopters owned or leased by commerci...See the full content of this document
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