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NCSS receives $3 million more in taxes

COVINGTON -- The Newton County School System has more money to carry over for this school year than originally expected.

Dr. Dennis Carpenter, deputy superintendent for NCSS, reported to the Newton County Board of Education last week that the system has collected at least $3 million more in taxes than was budgeted for last school year.

"We're still waiting for a final collections for 2012 from our tax commissioner and are still processing expenditures for 2012," he told them.

He expects to receive final, exact figures by the board's September meetings.

"We'll have an ending fund balance (from last school year, which ended June 30) of at least $18 million," he said.

"That's a big yahoo," said NCSS Superintendent Gary Mathews.

The board didn't discuss what it would do, if anything, with the extra unexpected funding; otherwise, it will sit in reserves to carry over for next school year.

Mathews said NCSS business manager Peggy Bullard would create a report for the board to show how the money would cover future expenses. Previously, NCSS expected future school years to carry a deficit or low reserve fund if all current expenses and revenues hold steady.

Comments

OnToday 1 year, 8 months ago

Did he just say that's a big Yahoo? Wow. Yahoo! More money for us to waste!

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Frustrated 1 year, 8 months ago

Why not figure out ways to save the taxpayers money rather than find ways to spend it. Sounds like a small child...I got money so Im going to spend it as soon as I can.

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dennistay53 1 year, 8 months ago

Tax raised in form of bond increase for maintenance. This unexpected money should go back to the property tax payers. Did they really not know this figure before they increased tax?

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amp72 1 year, 8 months ago

Y'all are going to get sued.

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henrystamm 1 year, 8 months ago

No wonder we have the most under educated kids in the area. Our administrators are only worried on where to spend the TAX money.

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