Clay v. Independent School District No. 1 of Tulsa County

The court today (a) narrows the teachings of Board of County Commissioners v. City of Muskogee1 (which holds that when there is a statute-imposed duty to pay revaluation costs, a writ ordering the payment of these delinquent costs represents a sinking fund obligation which may be satisfied either out of surplus revenues in that fund or from three annual levies);2 (b) transforms an ad valorem tax recipient’s statutory obligation to pay its share of revaluation costs into a fictitious quasi-contractual debt that may be defeated by failure to include revaluation costs in an obligor’s annual…