MILLEDGEVILLE — The Baldwin County Board of Education is slated to convene for a called meeting at 5:30 p.m. Thursday at the board office to sign a resolution adopting a millage rate of 17.06 mills for fiscal year 2014.
The school board adopted a millage rate of 17.06 mills for FY13, a near 1-mill that broke the school board’s six-year run of having a stable millage rate of 16.07 mills. The unanimous decision to increase the millage rate by 1 mill last year was a way to compensate for a portion of the $2.8 million shortfall in the budget. The rest of the deficit was covered by tapping into reserves.
For FY14, the school board adopted a final revenue budget of $39.2 million and expenditure budget of $39.3 million, a $112,000 shortfall from being balanced.
The budget indicates the system will generate $16 million from local property taxes this fiscal year. State and federal monies are anticipated to produce around $22 million, for a total of $46 million in overall available revenues which is $401,000 more compared to last year.
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