2023-24 Budget and Millage Rate Approved
After lowering the debt service millage rate for 2022-23 by 1 mill, on June 15, Superintendent Jeff Bearden presented a revised 23-24 draft budget to lower the maintenance and operational millage rate by 2 mills. This means that in two years, Forsyth County Schools will decrease the millage rate by 3 full mills. On June 29 this budget was approved, bringing FCS’ millage rate for 2023 back to the 2006 level. In 2006, FCS had 25,700 students. For 2023, FCS is home to 54,100+ students.
- More details! 2023-24 Budget
- The BOE Approved the FY2024 budget for expenditures totaling $645,344,053.00.
- The BOE Approved the FY2024 budget for a millage rate of 15.300 mills for M&O and 1.418 for Debt Service.
Please note that in Forsyth County, residents over the age of 65 without school-age children in their homes are exempt from paying school taxes. Forsyth County is one of the few counties to have this local senior exemption.
Presentation Items
The following proposed policy revisions were presented to the Board and are available at the links below for public input:
Finance Report
This month's financial update included year-to-date budget reports, cash accounts holding debt service funds, a summary of investments held, a budget summary for special revenue funds, a roll-forward of capital projects and school food services cash, SPLOST activity for the month of May 2023, and a breakdown of cash held by individual schools. View the data here!
Action Items
At the June 20 Meeting, The Board of Education voted on four challenged books,
now requiring written Parent/Guardian consent before being distributed to students.
