The Cobb Board of Education is scheduled to adopt a millage rate for the new fiscal year 2020 budget on Thursday. 
The board will take action at 7 p.m. in the board room of the Cobb County School District central office, 514 Glover St., Marietta.
At noon Thursday is the second of three public hearings the board is required to hold about the millage rate. It’s scheduled to take place at the same place, to be followed by a work session at 1 p.m.
The third and final public hearing precedes the regular meeting at 6:30 p.m.
(Agenda PDF for both meetings here)
The new $1.7 billion Cobb schools budget year began on July 1, holding the line on a rate of 18.9 mills that has been levied for many years.
That is not formalized before the Cobb Tax Assessor establishes the county tax digest in late June. This year, it’s projected to be $39 billion, surpassing last year’s record of $36.2 billion.
That means that the Cobb County School District will be collecting more in tax revenues than in 2018. When an elected body doesn’t roll back the millage rate accordingly, that’s considered a tax increase, and it must advertise and hold three public hearings.
This year the tax revenue increase for Cobb schools is 4.88 percent. A recent history of the schools millage rate levy can be found here.
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