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While the Klondike school system enjoys the benefits of property tax revenue on extensive oilfield activity in the district, students and schools elsewhere also reap a healthy chunk of money from Klondike’s tax rolls.Through the state’s school finance system, school districts with high tax revenues per student are required to share that revenue with schools which have much lower taxable property values.As a so-called propertywealthy school district, Klondike actually sends more of its tax revenue elsewhere than it retains for its own operations, according to Superintendent Steve McLaren.“For every (tax) dollar we collect, we send about 65 percent to the ...

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Lamesa Press-Reporter

P.O. Box 710
Lamesa, TX 79331
806-872-2177