The will hold a special called meeting Tuesday, July 24 at 6:30 p.m. to set the school district millage rate (property tax rate) at 19.157 mills, a rate that maintains the current millage of 17.97 flat for the thirteenth consecutive year.
The new millage includes a reclassified millage of 1.187 of School Bond Debt as part of the property tax rate effective Fiscal Year 2013 (FY13).
The overall millage rate is not increasing and taxpayers will see no change in their property tax from last year, according to Thomas Algarin, Director of Communication & Information at Marietta City Schools.
to incur debt in order to construct an auditorium at , Algarin said. , the school district informed the public that by extending the current debt millage of 1.187 for two additional years.
The FY13 general fund budget adopted by the Board of Education requires a millage rate higher than the rollback millage rate, Algarin said. Georgia law therefore requires the school board to hold three public hearings before finalizing the millage rate.
The public is invited to the hearings at the Marietta City Schools district administrative offices located at 250 Howard Street, Marietta, on Tuesday, July 17 at 5:30 p.m. and on Tuesday, July 24 at 12 p.m. and 6 p.m.