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The Coweta County Board of Education voted Monday to set the
2009 ad valorem millage rate for the Coweta County School System
at 18.59 mills. The rate is a continuation of last year’s local
tax rate.
The Board voted on this year’s millage rate in called session at
8:00 a.m., August 17, at the Board’s office at 237 Jackson
Street. The Board voted also to keep the school system’s bonded
indebtedness tax rate at 0 mills.
The millage rate approved by the board will fund the local share
of the school system’s 2009-10 fiscal year operations, which
began July 1.
Local property taxes account for approximately half of the
funding for maintenance and operations of the school system.
In June, the school board approved a general fund budget of
$172.2 million for the 2009-10 school year. The budget was
approximately $3.7 million less than the school system budget of
$175,931,581, adopted in June, 2008, before cuts in state
funding for school systems were enacted during last school year.
The school board’s 2009-10 budget projected zero percent growth
in the Coweta County tax digest during the upcoming fiscal year,
and no increase for the 18.59 mill Maintenance and Operations
rate on that local tax digest. In July, after the start of the
current fiscal year, the 2009-10 budget was affected by
approximately $4 million in further funding cuts announced by
the state.
This is the fifth year the local property tax rate for schools
has been set at 18.59 mills. |
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