The Fayette County Board of Education has scheduled three public hearings to discuss a millage rate change that would effectively raise property taxes by 4.9 percent over the rollback millage rate (the rate at which the collected tax revenue would have remained the same).
The county wants to set the rate for FY2020 at 19.250 mills, which is 0.250 mills lower than the past year; however, because assessments have increased the fair market value of most property, the taxable amount will go up. The $229.5 million general fund budget the school system recently adopted is based on the proposed new millage rate. Those expenses include adding teachers and staff, a $3,000 raise for teachers and certified staff and a 2 percent cost-of-living raise for classified support staff. The hearings will be held at noon and 6 p.m. on Aug. 14 and at 6 p.m. on Aug. 21 at the LaFayette Educational Center, 205 LaFayette Ave. in Fayetteville.
The board will vote on the millage rate following the Aug. 21 hearing.
