Consolidation Forum -Financial Impact
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Consolidation Forum -Financial Impact

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

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

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Consolidation Forum -Financial Impact Consolidation Forum -Financial Impact Presentation Transcript

  • “Why We Support the Valdosta City School System in Opposing Consolidation”Community Forum
    Lowndes County SchoolsWorking Together for Excellence Every Day
  • Financial Impactof ConsolidationDr. Troy Davis, Assistant SuperintendentLowndes County Schools
    Lowndes County SchoolsWorking Together for Excellence Every Day
  • ConsolidationA Financial Puzzle
  • The following information reflects the current and consolidated local revenue for the Lowndes County School System and the Valdosta City School System.
  • Lowndes County Schools
    Lowndes Millage Rate 14.70 mills
    Lowndes per Mill Value $1,404,831.00
    Lowndes Local Revenue $20,651,018.00
  • Valdosta City Schools
    Valdosta City Millage Rate 16.98 mills
    Valdosta City per Mill Value $1,476,538.00
    Valdosta City Total Local Revenue $25,071,615.00
  • Total Local Revenue
    Both Systems
    $45,722,633.00
  • Lowndes County Schools
    (To stay as currently funded with consolidation)
    Consolidated Millage Rate 16.317 mills
    Consolidated per Mill Value $2,802,088.00
    Consolidated Local Revenue $45,722,633.00
  • Community Unification for Educational Excellence, Inc. (CUEE) - http://www.cueeinc.com/
    What is the request financially?
    Using CUEE informationto find the answer…..
  • 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.
  • Answer to CUEE’s Question:
    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.
  • To meet the requirements of CUEE, the consolidated millage rate would be 22.07 mills. State law restricts the maximum millage at 21 mills.
  • The MAXIMUM tax rate of 21 Mills will be insufficient to meet the first financial item on the CUEE list.
  • CONSOLIDATED TAX DATA
     (Tax to meet the demands of CONSOLIDATION)
    Millage Rate 21.00 mills
    Mill Value $2,802,088.00
    Total Local Revenue $58,843,848.00
  • 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.
  • There are other costs associated with consolidation as identified by CUEE.
    • New high school and new elementary schools - In excess of $200 million
    • Recommended additional professional development - $1.5 million annually
  • There are other costs associated with consolidation not anticipated by CUEE.
  • Consolidation will increase costs
    NEW CLASSES
    TRANSPORTATION
    SOFTWARE
    TECHNOLOGY
    BENEFITS
    SALARIES
    LEGAL
    PER PUPIL EXPENDITURES
  • Consolidation will decrease:
    EQUALIZATION FUNDING
    FEDERAL FUNDING
    STATE QBE FUNDING
    TEACHERS
    ADMINISTRATORS
    NEW SCHOOLS
    SUPPORT STAFF
    SALARIES
  • Who is affected, and how would consolidation affect my personal finances?
    • Home Owner
    • Property Owner
    • Renter
    • Business Owner
    • Citizen
    • Children
  • Lowndes County School Tax –
    Taxable Value = $89,972.00
    Multiply by Mill Rate X .01470
    Current School Tax $1,322.59
  • CONSOLIDATED SCHOOL TAX
    Taxable Value = $89,972.00
    Multiply by Mill Rate X .02100
    Current School Tax $1,889.41
  • Property Owner Tax Difference
    Lowndes County School Tax
    Taxable Value = $89,972.00
    Multiply by Mill Rate X .01470
    Current School Tax $1,322.59
    CONSOLIDATED SCHOOL TAX
    Taxable Value = $89,972.00
    Multiply by Mill Rate X .02100
    Current School Tax $1,889.41
    TAX INCREASE
    $1,889.41 - $1,322.59 = $566.82
    42%
  • Valdosta City School Tax
    Taxable Value = $106,721.00
    Multiply by Mill Rate X .01698
    Current School Tax $1,812.12
  • CONSOLIDATED SCHOOL TAX
    Taxable Value = $106,721.00
    Multiply by Mill Rate X .02100
    Current School Tax $2,241.14
  • Property Owner Tax Difference
    Valdosta City School Tax
    Taxable Value = $106,721.00
    Multiply by Mill Rate X .01698
    Current School Tax $1,812.12
    CONSOLIDATED SCHOOL TAX
    Taxable Value = $106,721.00
    Multiply by Mill Rate X .02100
    Current School Tax $2,241.14
    TAX INCREASE
    $2,241.14 - $1,812.12 = $429.02
    23%
  • 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.
  • Lowndes County SchoolsWorking Together for Excellence Every Day