Catoosa County school board adopts 2012-13 budget; tax rate remains the same
After ample meetings and hours of discussion over the past several months, the Catoosa County school board officially adopted a budget for fiscal 2012-13 at the Aug. 23 meeting.
Kim Nichols, Catoosa County director of school improvement, said that after evaluating the situation, board members chose to stay the course and not increase the property tax — or millage — rate.
"Based on the fact that we're starting the year with a pretty healthy reserve (nearly $11 million) we just didn't see the need to raise the millage rate at this point," Nichols said. "We're just going to be really frugal and make our pennies stretch like we've always done."
Public education in Georgia is funded from three primary sources: local taxation, state government financing, and funds coming from the federal government. When the total digest of taxable property is prepared, Georgia law requires that a rollback millage (tax) rate must be computed that will produce the same total revenue on the current year's new digest that last year's rate would have produced had no reassessments occurred.