|
|
The Coweta County Board of Education voted Tuesday, August 9, to
set the 2011 ad valorem millage rate for the Coweta County
School System at 18.59 mills. The rate is a continuation of last
year’s tax rate.
This is the eighth year the local property tax rate for schools
has been set at 18.59 mills. The Board also voted to keep the
school system’s bonded indebtedness tax rate at 0 mills, as it
has for the past 10 years.
The county’s tax digest – the local tax base upon which the
millage rate is set - decreased by 4.87 percent from 2010 to
2011.
The millage rate approved by the board will fund the local share
of the school system’s 2011-12 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 budget of $165,483,455 for
the 2012 fiscal year, which ends June 30, 2012. The budget was
approximately $200,000 less than the school system budget of
$165.7 adopted in June, 2010. |
|