A tentative budget and millage rate for the next fiscal year have been adopted by the Fulton County School Board.
The $857.3 million general fund budget provides funding for an anticipated 2,500 additional students and the teachers and support staff needed to accommodate the growth.
The budget also includes: a 5.3-percent raise for most employees; two major school construction projects; and student and staffing needs for the new Lake Forest Elementary School in Sandy Springs and the replacement Westlake High School opening in August in South Fulton County.
The capital construction and improvement projects, totaling $27 million, will require the board to enact less than a full rollback of the millage rate, and, effectively, raise property taxes.
An indirect tax increase can occur when the fair market value of property increases and assessed values rise, but the millage rate is not reduced.
The bond millage rate will be completely rolled back, but the maintenance and operations rate will not.
Fulton County millage consists of two combined millage rates, a Maintenance & Operations (M&O) rate and a debt service, or bond rate. Since a full rollback is not provided on both millage rates, three public hearings must be held.
Millage Rate Hearings
6 p.m., June 26
Fulton County Schools Administrative Center, 786 Cleveland Avenue SW, Atlanta
10 a.m., July 10
Fulton County Schools Administrative Center
6 p.m., July 10
Dunwoody Springs Charter Elementary School, 8100 Roberts Drive, Sandy Springs
The millage rates will be adopted following the July 10 public hearing at Dunwoody Springs Charter.
Labels: Budget, fulton county schools
# posted by
Brian Vanderhoff @ 8:39 AM
