School board approves 1.25 mill increase in FY 14 Budget
SAVANNAH, GA (WTOC) -
The Savannah-Chatham School Board has approved a 1.25 mill increase in the FY 14 budget.
The board voted on the millage rate increase after a third and final public hearing was held Wednesday evening at the Jessie Collier Deloach Board Room of the Whitney Administrative Complex on Laura Avenue.
Homeowners with property worth $125,000 will now have to pay around $6 more per month.
The board also approved an amendment to add $1.6 million to the budget. Officials say the extra amount will not be funded by tax payers, but will come from the fund balance. They are doing this to give all of their employees a one percent cost of living raise.
The superintendent said to avoid making major cuts in the budget they will have to increase property taxes. The school board president said it's money that is needed to sustain current programs.