The average homeowner in Cobb will pay about $123 more in Cobb school taxes for this year’s property tax bill, Johnson added.
The district needs $1.1 billion in revenue to fund the school district’s fiscal year 2020.
School board member Randy Scamihorn used the moment before the board’s vote to inquire about the status of the system’s reserve fund. The reserve fund has been used to fund some operations, drawing it down. Johnson did note the system is working to rebuild its reserves.
Auditors suggest school districts have at least two month’s worth of operating expenses in the reserve fund for emergencies, and Johnson said the Cobb school system is following that guideline.
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Cobb Superintendent Chris Ragsdale said the school district uses taxpayer dollars in a fiscally-responsible way. For example, many school systems use a good portion of their Special Purpose Local Option Sales tax revenue to pay off debt related to financing school renovation or replacement projects.
In contrast, Ragsdale said the district is able to move projects along without borrowing against the anticipated SPLOST income. Some of those projects include the King Springs Elementary School replacement project, secondary data center and classroom additions at Campbell and Pebblebrook high schools.
“We are being tremendous, positive and good stewards of their taxpayer dollars,” he added.
School board member Jaha Howard agreed, adding that frugal approach to running the system builds trust with communities and district employees.
“We are being good stewards of taxpayer money and we have to continue to trumpet that information,” he said. “We need to celebrate the things we’re doing extremely well.”
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