One more public budget forum will be held this week by the Cobb County Board of Education.
That forum will be 1:30 p.m. May 17 in the Board Room, Cobb County School District office, 514 Glover St., Marietta.
Then that same day will be the board meeting at 2 p.m. and the board business meeting at 7 p.m. when the Fiscal Year 2019 is scheduled to be adopted.
Keeping the same millage rate of 18.9 mills, this balanced budget of $1 billion contains:
- $7.8 million in the fund balance,
- an increase in the allotment pool from six to 19 positions (1 teacher or 2 parapros for each allotment) in case additional students arrive,
- a salary step for employees that can be from 1.5 to 3 percent,
- a 1.1 percent bonus for non-238-day employees,
- two extra days instead of a bonus for 238-day employees and
- 1.1 percent raise for all permanent employees from $10.2 million restoration in austerity cuts from the state.
These raises will take effect on July 1.
Since 1983, CCSD has lost $600 million from the state in austerity cuts, said CCSD Chief Financial Officer Brad Johnson.
Another loss in the next fiscal year - from July 1 to June 30, 2019 - will be $101 million due to the tax exemption for ages 62 and older, he added.
Information: cobbk12.org/centraloffice/finance/2019Budget, cobbk12.org/CentralOffice/finance/2019Budget/FY19TentativeBudgetRolloutOverviewGeneralFund.pdf.
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