Hall County Schools likely will have an idea of what its tax millage rate will be after tonight’s school board meeting.
According to Will Schofield, the system’s superintendent, a preliminary recommendation for the millage rate will be given to the board.
The tax commissioner’s office will present to the board where the tax digest is and where the system stands with its appeals losses.
“We’ll go over those and start putting the Rubik’s Cube together and hopefully come up with a preliminary recommendation for a millage rate (tonight),” said Schofield.
He said the local supplement is about $800,000 more than what system officials expected it to be at the end of fiscal year 2012.
But, the appeals will take about 9 percent more away than they did last year.
“Add all that together and we’re probably just a little better than we would’ve thought (in June),” said Schofield. “I’m very pleased that we waited at this point.”
He said if the board had to approve a millage rate in June when the budget was adopted it “probably would have pushed 19” mills.
The maximum roll-up allowed this year is to 19.31 mills.
He anticipates the recommendation to come in around 18.5 mills, a roll-up of about .8 mills.
One mill equals $1 for each $1,000 in assessed property value.
“We’re thinking we can get by without any major programmatic cuts in the 18« range,” said Schofield. “That’s the board’s decision — they’re the only ones that can set that — but that’s probably where our recommendation will be.”
This fiscal year’s budget is about $3.3 million less than last year’s.
The system is required to pay almost $3 million more in health insurance and teacher retirement than last year.
The ending balance was estimated at $15.6 million for fiscal year 2012. That estimate was completed in June and will likely be slightly higher.