The Cobb Board of Education voted Thursday night to hold the property tax millage rate for schools added reserve funds to the adopted fiscal year 2025 budget.
Despite public speakers asking for a rollback, the board voted 6-0 without discussion—with vice chairman David Banks of East Cobb voted present—to maintain a tax rate of 18.7 mills.
The motion included a provision to add $1.258 million to the previously adopted fiscal year 2025 budget of $1.8 billion due to less-than-anticipated growth in the 2024 Cobb tax digest.
During a work session Thursday, Brad Johnson, the chief financial officer for the Cobb County School District, asked board members for the additional funding to reach a balanced budget.
The new budget, which went into effect July 1, is up 8.73 percent increase from fiscal year 2024 (nearly $55 million) and includes across-the-board staff pay raises.
Johnson said the initial estimate for tax digest growth from the Cobb Tax Assessor’s Office was 7.56 percent higher than 2023, but the final estimate turned out to be 7.32 million.
The $1.258 million, taken from the general fund balance, represents the difference in those two figures.
He and Superintendent Chris Ragsdale said during the work session the district is preparing for the effects of a possible recession in the coming months, and using fund balance may be necessary.
It’s why Ragsdale last week asked the board to cancel a planned $50 million special-events facility that would have been paid for in part with fund balance dollars.
“We have to make sure we have the fund balance to last through a recession,” Ragsdale said, recounting how those monies were used during the recession in 2008-9.
Even then, there were staffing cuts and hiring and salary freezes he said he didn’t want to repeat should there be another recession.
District officials said cutting back the millage rate would lead to layoffs in what they have termed an “employee-centric” budget.
At the final tax digest hearing before Thursday night’s vote, four citizens spoke in favor of rolling back the millage rate to meet fiscal year 2024 revenues, a “rollback rate” of 17.199 mills.
Eliza Consliglio, the parent of a son in the Cobb school district, was among them.
She said her property tax assessments and those of others she knows are up 25-30 percent over last year.
“I know the schools need money,” she said, “but there are people who are hurting more than we are.”
Patricia Hay agreed.
“People are hurting, the economy is bad, and prices are up,” she said. “You know all this. I’m just asking to do the right thing.”
In 2024, the board reduced the millage rate to 18.7 mills, after the Cobb school district levied a millage rate of 18.9 mills from 2007-23.
That was done to offset rising assessments. Banks, who is retiring from office at the end of 2024, voted present last year, saying he wanted a larger millage rate reduction.
He didn’t explain his reason for voting present on Thursday.
Related:
- Walton, Pope students awarded National Merit Scholarships
- Dodgen MS student honored as a top ‘young scientist’ by 3M
- Cobb school board cancels $50M special events center
- Sprayberry HS senior excluded from graduation gets apology
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