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Cobb school budget hearing, vote on May 17

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.

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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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