Schools to dip into reserves; won’t request tax increase
Published: June 27,2012
Tags: budget, education, elementary education, elementary school, high school, junior high school, learn, learning, public education, public school, recession, school, school district, secondary education, student, tax, tax collection, taxpayer, teach, teacher, teaching
HATTIESBURG — The Forrest County School District will not request a millage increase for 2012-13, but will instead use money from its reserve fund to pay for extra expenses in its budget.
The Hattiesburg American reports the school district’s budget for the upcoming school year is $24.9 million, up from last year’s budget of $23.9 million.
The district has 2,300 students and 450 employees.
The district plans to take in about $6.6 million in ad valorem taxes.
Superintendent Brian Freeman says the district plans to use an estimated $1.5 million in reserve funds to build a new cafeteria at South Forrest Elementary School.
The district has an estimated $3.5 million in its reserve fund.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Travis retiring as head of Mississippi World Trade Center
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Court rules board can discipline West Virginia radiologist
- Deer processors need to use caution to insure safe, tasty venison
- Drew Brees settles lawsuit alleging investment fraud
- Winchester lands $50M ammunition contract from Homeland Security
- Legislators begin work on FY2016 state budget
- Biloxi baseball project still alive but may be held for 2015
- Doctor convicted of using phony church for tax shelter