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Tax hike likely for new BoE budgetTue, 06/17/2008 - 4:02pm
By: Ben Nelms
Nothing has changed in the past few weeks that might provide for increases in revenue for Fayette County public schools. As discussed at the June 16 board meeting, previous cuts to the tentative budget that begins July 1 have revenues and expenditures balanced at $197,132,660, representing an increase of $4.97 million, or 2.58 percent, over the current year. Budget calculations for 2008-2009 are based on an equivalent millage rate of 19.35. The current millage rate is 18.596. As was discussed at the board’s last meeting, Superintendent John DeCotis reviewed cuts already figured into the proposed 2008-2009 budget. Increased expenses come in the wake of accelerating fuel and food prices and with a 2.5 percent pay increase for all school system personnel, including the state-required pay increase for teachers totaling approximately $4 million. Also impacting the budget were a reduction in state revenues from the loss of 280 students, $1.3 million in state-imposed austerity cuts and no new school system initiatives. Board members had previously agreed to cut 34.5 personnel positions by attrition, reduce overtime costs and implement other measures designed to save on fuel costs. An upside, if any, would require a surprise positive adjustment to the tax digest, though county growth is expected to equal only 2.6 percent, or with the sale of school system-owned property. Though not a topic of discussion at the meeting, it was clear that without additional revenue the board will likely face a millage rate increase of .754 to bring the rate to the 19.35 required to meet revenue expectations. Referencing the coming 2008-2009 budget year, board member Marion Key asked Comptroller Laura Brock what would happen if projected revenues are not forthcoming, whether from local ad valorem taxes or from a possible four percent across the board cut signaled recently for January by Gov. Sonny Perdue. Brock said such occurrences would require that the budget be amended and, potentially, that programs would be cut. Also at the meeting, board members approved a 10-cent hike in prices for breakfasts and lunches at county schools. The price of food has increased 23 percent and is expected to rise further in coming months. login to post comments |