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Hall County Schools OKs money for SPLOST projects

POSTED: September 11, 2012 12:58 a.m.

The Hall County Board of Education voted Monday to approve $339,040 in projects funded by special purpose local option sales tax money.

The amount includes $59,000 for parking lot improvements at Mount Vernon Elementary School, 4844 Jim Hood Road, in North Hall, and $45,000 for heating, ventilation and air conditioning improvements at the Academies of Discovery at the old South Hall Middle School campus off Ga. 13/Atlanta Highway.

Deputy Superintendent Lee Lovett told the school board that SPLOST revenues are up slightly over last year.

The school system received $1,892,708 in August tax revenues, compared to $1,888,185 last year, Lovett said.

Otherwise, related to system finances, school officials are saying they hope the district can go through December without taking out a short-term loan, or tax-anticipatory note, to cover expenses.

The district’s fiscal year began July 1, but property taxes — a vast chunk of its revenues — aren’t due until Dec. 1.

“The switch back to single billing ... may have an effect on us,” Superintendent Will Schofield told the board. “We may be coming back to you in November saying we need a tax-anticipatory note. It’s going to be close."

 

Sep. 11, 2012 12:58a.m. EDT Hall County Schools OKs money for SPLOST projects Gainesville Times

The Hall County Board of Education voted Monday to approve $339,040 in projects funded by special purpose local option sales tax money.

The amount includes $59,000 for parking lot improvements at Mount Vernon Elementary School, 4844 Jim Hood Road, in North Hall, and $45,000 for heating, ventilation and air conditioning improvements at the Academies of Discovery at the old South Hall Middle School campus off Ga. 13/Atlanta Highway.

Deputy Superintendent Lee Lovett told the school board that SPLOST revenues are up slightly over last year.

The school system received $1,892,708 in August tax revenues, compared to $1,888,185 last year, Lovett said.

Otherwise, related to system finances, school officials are saying they hope the district can go through December without taking out a short-term loan, or tax-anticipatory note, to cover expenses.

The district’s fiscal year began July 1, but property taxes — a vast chunk of its revenues — aren’t due until Dec. 1.

“The switch back to single billing ... may have an effect on us,” Superintendent Will Schofield told the board. “We may be coming back to you in November saying we need a tax-anticipatory note. It’s going to be close."

 

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