Clayton County Board of Education lowers tax rate | News

What will that mean for taxpayers?

With the new tax rate, the savings for a home with a fair market value of $150,000 would be about $44, while a home with a fair market value of $250,000 would have an estimated $84 savings.

The recommendation to roll back the millage rate was based on final information on the county’s tax digest supplied by the Clayton County Tax Assessor’s office and the district’s financial position.

The proposal to roll back will not adversely affect the funding that will support the district’s approved fiscal year 2024 budget of $641.7 million.

The school board unanimously approved its fiscal year 2024 budget on June 26.

The general fund budget pays for the day-to-day operations for the school system.

Other funds for fiscal year 2024 include Special Revenue Fund ($174.2 million), Capital Projects Fund ($344 million), and Enterprise Fund ($65.9 million).

The budget includes a state-funded $2,000 raise for certified employees, 5.1% raises for school nurses and bus drivers and a 3% cost-of-living raise for lower-paid employees (pay grade 29 and lower).

The total cost for state-funded raises for certified employees is about $8.3 million, $3.1 million for the COLA raises for the lower-paid employees, and $468,000 for raises for nurses and bus drivers.

Like other school systems throughout the state, Clayton County will see an increase in its portion of health care costs for employees. The district share of the costs has increased from $11,340 per employee per year to $18,960. The…