Wednesday, July 17, 2013
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COVINGTON – The Newton County Board of Education has approved the same millage rate that it had last year.
With no further discussion, the board unanimously approved the recommendation from Newton County School System Superintendent Samantha Fuhrey.
The rate for maintenance and operations is the legally maxed-out 20 mills. The rollback rate — or the rate at which the school system would have collected the same amount of taxes as the previous year — would have been 21.275 mills.
To the rate is added 1.90 mills for debt services, which is also less than the allowable rollback rate of 2.017 mills.
The total rate of 21.90 mills is the same as last school year.
The maintenance and operations rate has been maxed out at 20 mills since 2011, after increasing from the 18.21 mills rate it held from 2008 to 2010, according to the five-year history.
The debt services rate was 1 mill from 2008 to 2011 and increased to 1.073 in 2012.
In June, the school board approved a $149.5 million budget for the 2013-14 school year.