Coweta School Board maintains millage rate for Fiscal Year 2020
From Coweta County Schools Press Release
The Coweta County Board of Education voted last week to set 2019 property tax rates at 18.59 mills, keeping the same rate in place for the 15th year.
The school system first set its current rate of 18.59 mills for property taxes in 2004 (for the school system’s 2005 fiscal year) and has maintained that rate since that time. The Board also voted to maintain property tax rates for bonded indebtedness at 0.0 mills.
The board voted 6 to 1 to set this year’s property tax rates, in a called meeting following the third of its public hearings concerning this year’s tax rates. Two hearings were held on Aug. 1 and one on Aug. 8. By maintaining the rate at 18.59 mills, school property tax collections are projected to increase by 0.46 percent over the rollback millage rate.
Local property taxes fund a portion of Coweta County School budget for school operations. It is separate from the school system’s Educational Local Option Sales Tax, which funds local school construction, renovations and other capital projects, and which cannot fund operational expenditures.
This year’s fiscal year 2020 operational budget maintained the school system’s current student calendar and instructional program, provided a raise of $3,000 for employees paid on the school system’s certified schedule, a 2.5 percent increase in pay for employees paid on the classified schedule, step increases for certified and classified employees where due, fully funded an increase in the school system’s contributions to the state Teacher Retirement System, and added teaching positions system-wide, among other items.
For more information on the Coweta County School System’s FY 2020 budget and the school system’s budget and millage rate history, click the following link: https://www.cowetaschools.net/budget-financial-and-splost-information-d552ca8e.