The Union Recorder

August 28, 2013

BOE to adopt millage rate for FY14

From staff reports
The Union-Recorder

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.

Click here to subscribe to The Union-Recorder print edition.

Click here to subscribe to The Union-Recorder e-edition and view this full article.