Blame it on
growth and lower state funding.
That's the
word from The Coweta County School System after raising its millage rate
this week.
The board raised
the maintenance and operation millage rates by 2.33 mills, to 17.94 mills
for 2003. It is also eliminating the current bond debt millage rate of
1.6 mills. In all, that means a net increase of .73 mills.
School sytem
public information officer Dean Jackson said despite growing by 1,000
students this year, the county actually got $41,000 less in money from
the state.
The smaller-than-expected
funding from the state, along with funding a 3.25 percent raise and keeping
the student-teacher pupil ratio low in kindergarten through third grade
caused the millage rate to be raised, Jackson said.
In June ,
the board adopted a general fund budget of $121 million in expenditures.
Based on state
revenue projections (which are very low this year), the board originally
anticipated that 15.61 mills of tax plus the use of $7 million in system
reserve funds would cover the remainder of the budget this year. This
would allow the millage rate to remain unchanged this year.
Thus, the board
budgeted revenues of $114 million, which causes us to go into our reserves
for the $7 million difference. Of the $114 million of revenues, $69 million
is state revenues and $45 million is local revenues. The local revenues
included a projection of $41.8 million of ad valorem taxes. This projection
was based upon an 8.6 percent growth in the tax digest.
However, actual
growth in the digest reported to the system Sept. 24 was 4.79 percent,
which yielded only $40.3 million in revenues. The revenue was nearly $1.5
million less than the system, expected, Jackson said.
With a net
increase proposed of .73 mills, that means that this year's average household
in Coweta County would see a net increase of $43.80 on their tax bill,
or $3.65 per month when broken down that way.
One possible
reason for the sluggish tax digest is that most of the county's growth
this past year appears to be residential growth, said school officials.
The limited commercial and industrial growth probably has contributed
to the lower digest.
School officials
said the board is also faced with the concern that the current poor economic
conditions could remain the same or even worsen next year.







Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…