By Tia Lynn Ivey
The Morgan County Board of Education (BOE) officially adopted its budget for the 2017-2018 Fiscal Year (FY) in the amount of $32.6 million as well as approving the rollback millage rate of 14.718, down from last year’s rate of 15.264. Both were unanimously approved at the July 17 regular meeting.
The BOE’s new budget reflects a 3 percent increase from last year’s budget, which came in at nearly $31.9 million.
“We are about in the same range,” said Dr. James Woodard, superintendent of schools.
Woodard explained some of the costs to account for the FY 2017-2018 budget to increase.
“The budget reflects enhancements in technology programs and infrastructure for our students, a 2 percent salary increase for teachers and staff. The budget also reflects increase cost in healthcare premiums and retirement rate,” said Woodard.
Despite a 2.5 percent increase in overall expenditures, the BOE was still able to adopt the rollback millage rate due to a 3 percent increase in revenue, according to school officials.