Consolidation Forum -Financial Impact

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Lowndes County Schools Forum Supporting Valdosta City Schools System's Opposition to Consolidation

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Consolidation Forum -Financial Impact

  1. 1. “Why We Support the Valdosta City School System in Opposing Consolidation”Community Forum <br />Lowndes County SchoolsWorking Together for Excellence Every Day<br />
  2. 2. Financial Impactof ConsolidationDr. Troy Davis, Assistant SuperintendentLowndes County Schools<br />Lowndes County SchoolsWorking Together for Excellence Every Day<br />
  3. 3. ConsolidationA Financial Puzzle<br />
  4. 4. The following information reflects the current and consolidated local revenue for the Lowndes County School System and the Valdosta City School System.<br />
  5. 5. Lowndes County Schools<br />Lowndes Millage Rate 14.70 mills<br />Lowndes per Mill Value $1,404,831.00<br />Lowndes Local Revenue $20,651,018.00<br />
  6. 6. Valdosta City Schools<br />Valdosta City Millage Rate 16.98 mills<br />Valdosta City per Mill Value $1,476,538.00<br />Valdosta City Total Local Revenue $25,071,615.00<br />
  7. 7. Total Local Revenue<br />Both Systems<br />$45,722,633.00<br />
  8. 8. Lowndes County Schools <br />(To stay as currently funded with consolidation)<br />Consolidated Millage Rate 16.317 mills<br />Consolidated per Mill Value $2,802,088.00<br />Consolidated Local Revenue $45,722,633.00<br />
  9. 9. Community Unification for Educational Excellence, Inc. (CUEE) - http://www.cueeinc.com/<br />What is the request financially? <br />Using CUEE informationto find the answer…..<br />
  10. 10.
  11. 11. In a consolidated system, CUEE is stating that balance will be achieved at the cost of $2,167.00 more per Valdosta City School System student. Total Cost Annually - $16,083,474.00.<br />
  12. 12. Answer to CUEE’s Question:<br />Using the Community Unification for Educational Excellence, Inc. (CUEE) consolidated projections, one cost required would be $16,083,474.00 or 5.74 additional mills to remain at the same level of expenditures per student for the consolidated Lowndes County School System.<br />
  13. 13. To meet the requirements of CUEE, the consolidated millage rate would be 22.07 mills. State law restricts the maximum millage at 21 mills.<br />
  14. 14. The MAXIMUM tax rate of 21 Mills will be insufficient to meet the first financial item on the CUEE list.<br />
  15. 15. CONSOLIDATED TAX DATA<br /> (Tax to meet the demands of CONSOLIDATION)<br />Millage Rate 21.00 mills<br />Mill Value $2,802,088.00<br />Total Local Revenue $58,843,848.00<br />
  16. 16. Setting a millage rate of less than 21 mills will result in further loss of programs benefitting our students. There will be winners and losers.<br />
  17. 17. There are other costs associated with consolidation as identified by CUEE.<br /><ul><li>New high school and new elementary schools - In excess of $200 million
  18. 18. Recommended additional professional development - $1.5 million annually</li></li></ul><li>There are other costs associated with consolidation not anticipated by CUEE.<br />
  19. 19. Consolidation will increase costs <br />NEW CLASSES<br />TRANSPORTATION<br />SOFTWARE<br />TECHNOLOGY<br />BENEFITS<br />SALARIES<br />LEGAL<br />PER PUPIL EXPENDITURES<br />
  20. 20. Consolidation will decrease:<br />EQUALIZATION FUNDING<br />FEDERAL FUNDING<br />STATE QBE FUNDING <br />TEACHERS <br />ADMINISTRATORS<br />NEW SCHOOLS<br />SUPPORT STAFF<br />SALARIES<br />
  21. 21. Who is affected, and how would consolidation affect my personal finances? <br /><ul><li>Home Owner
  22. 22. Property Owner
  23. 23. Renter
  24. 24. Business Owner
  25. 25. Citizen
  26. 26. Children</li></li></ul><li>Lowndes County School Tax – <br />Taxable Value = $89,972.00<br />Multiply by Mill Rate X .01470<br />Current School Tax $1,322.59 <br />
  27. 27. CONSOLIDATED SCHOOL TAX<br />Taxable Value = $89,972.00<br />Multiply by Mill Rate X .02100<br />Current School Tax $1,889.41 <br />
  28. 28. Property Owner Tax Difference<br />Lowndes County School Tax <br />Taxable Value = $89,972.00<br />Multiply by Mill Rate X .01470<br />Current School Tax $1,322.59<br />CONSOLIDATED SCHOOL TAX<br />Taxable Value = $89,972.00<br />Multiply by Mill Rate X .02100<br />Current School Tax $1,889.41<br />TAX INCREASE<br />$1,889.41 - $1,322.59 = $566.82<br />42%<br />
  29. 29. Valdosta City School Tax <br />Taxable Value = $106,721.00<br />Multiply by Mill Rate X .01698<br />Current School Tax $1,812.12 <br />
  30. 30. CONSOLIDATED SCHOOL TAX<br />Taxable Value = $106,721.00<br />Multiply by Mill Rate X .02100<br />Current School Tax $2,241.14 <br />
  31. 31. Property Owner Tax Difference<br />Valdosta City School Tax <br />Taxable Value = $106,721.00<br />Multiply by Mill Rate X .01698<br />Current School Tax $1,812.12<br />CONSOLIDATED SCHOOL TAX<br />Taxable Value = $106,721.00<br />Multiply by Mill Rate X .02100<br />Current School Tax $2,241.14<br />TAX INCREASE<br />$2,241.14 - $1,812.12 = $429.02<br />23%<br />
  32. 32. One important key to consolidation is the demand and need for more money. Consolidation will cost more, and we as taxpayers will be expected to pay the bill.<br />
  33. 33. Lowndes County SchoolsWorking Together for Excellence Every Day<br />

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