Two days before it conducts required public hearings on the millage rate, the Cobb Board of Education will hold a special called meeting on the budget.
According to a notice on the Cobb County School District website, the meeting will take place at 11 a.m. “to discuss strengthening fund balance.”
The message wasn’t more specific, and there’s nothing posted under the board agenda items except listing an item “for potential action.”
The board adopted a $1.8 billion fiscal year 2025 budget in May that holds the line on the property tax rate at 18.7 mills.
Due to spending increases in the budget, however, that constitutes a tax increase under state law, since there wouldn’t be a “rollback” of the millage rate to match FY 2024 spending.
Two hearings on the millage rate, required by law, are set for Thursday. A third will be held on July 18.
The budget includes employee pay raises of between 4.4 percent to 9 percent.
It includes using $57.58 million in fund balance reserves, with the raises costing $54 million.
According to district budget documents, $110 million in those reserves was added to the fiscal year 2024 budget that expired June 30.
The board meeting Tuesday takes place in the CCSD central office board room (514 Glover St., Marietta).
There is no public comment period.
Related:
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- Cobb school spending critics reveal special event center details
- Former Walton HS principal moves to Hightower Trail MS
- Wheeler student selected for summer NASA internship
- Pope salutatorian among National Merit Scholarship winners
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