BOE ap­proves the same mil­lage rate for 2014

The Covington News - - THE SECOND FRONT - DANIELLE EVER­SON de­v­er­son@cov­news.com

The New­ton County Board of Ed­u­ca­tion has ap­proved the same mil­lage rate as last year’s.

At its July 16 meet­ing, the board unan­i­mously ap­proved Su­per­in­ten­dent Sa­man­tha Fuhrey’s rec­om­men­da­tion to adopt a to­tal mil­lage rate of 21.90 mills for the 2014 fis­cal year, less than the roll­back mil­lage rate of 21.275.

The roll­back rate is the rate at which the school sys­tem would col­lect the same amount of tax reve- nue given re­duced prop­erty val­ues.

The main­te­nance and op­er­a­tion mil­lage rate is at 20 mills and the debt ser­vice mil­lage rate is at 1.90 mills.

New­ton County School Sys­tem busi­ness man­ager Peggy Bullard said the mil­lage rate for main­te­nance and op­er­a­tion is the same as in 2013 and the debt ser­vice mil­lage rate also has re­mained the same at 1.9 mills, which is less than the al­low­able roll­back rate of 2.017 mills.

By law, the main­te­nance and op­er­a­tion mil­lage rate can­not ex­ceed 20 mills, and the NCSS main­te­nance and op­er­a­tions mil­lage rate has been at its max for the past three fis­cal years. The school sys­tems’ main­te­nance and op­er­a­tions mil­lage rate was at 18.21 from fis­cal year 2007 un­til 2011 when it was raised to the cap of 20 mills and has been the same ever since. The debt ser­vice rate was at 1.00 from 2007 to 2011, un­til it in­creased to 1.073 in fis­cal year 2012 and then rose to 1.9, which was ap­proved again by the BOE at its meet­ing Tues­day.

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