Beaufort County BOE holding public meeting to discuss budget sho - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Beaufort County BOE holding public meeting to discuss budget shortfall

The Beaufort County School District has a $4.2 million shortfall in their 2013-2014 school budget, and not they're trying to figure out how they'll make ends meet while working on next year's budget.

The Board of Education will hold a public forum on Monday night to discuss the budget.

The district thought they were going to get a lot of money from tax revenue this year, so they returned about $3 million to the county, but the district's tax revenue dropped dramatically.

According to district officials, February's tax collections were half of what they've normally been in the past years, leading to $4 million less in taxes.

This shortfall means the district will have to dip into its reserve fund to cover expenses.

The district is now asking the county council to raise their millage rate for next year. They said fewer people own second homes and secondary-home owners pay higher tax rates.

"it's all tied to people changing from second homes to primary residences, so the six percent to four percent had a significant impact on that, and that's again beyond county council's control, our control," said Beaufort County BOE member Mary Cordray.

The district said the $4 million shortfall will not affect next year's budget, but the district is asking for $10 million extra in next year's budget.

Copyright 2014 WTOC. All rights reserved.

Powered by Frankly