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News Release

Contact: Thomas Algarin, Director, Communication & Information
talgarin@marietta-city.k12.ga.us
770-422-3500 ext. 282

Release July 10, 2012

Marietta City Schools Sets Millage Rate
Millage Remains Flat – No Overall Increase
Millage rate among the lowest in metro Atlanta

Marietta, GA - The Board of Education of the City of Marietta will hold a special called meeting Tuesday, July 24 at 6:30 p.m. to set the school district millage rate (property tax rate) at 19.157 mills, a rate that maintains the current millage of 17.97 flat for the thirteenth consecutive year. The new millage includes a reclassified millage of 1.187 of School Bond Debt as part of the property tax rate effective Fiscal Year 2013 (FY13).

The overall millage rate is not increasing and City of Marietta taxpayers will see no change in their property tax from last year. On March 6, 2012, City of Marietta taxpayers authorized the school district to incur debt in order to construct an auditorium at Marietta High School. During the public forums, the school district informed the public that a portion of the debt was to be paid beginning FY13 by extending the current debt millage of 1.187 for two additional years.

The FY13 general fund budget adopted by the Board of Education of the City of Marietta requires a millage rate higher than the rollback millage rate. Georgia law therefore requires the school board to hold three public hearings before finalizing the millage rate.

All concerned citizens are invited to the public hearings at the Marietta City Schools district administrative offices located at 250 Howard Street, Marietta, on Tuesday, July 17, 2012, at 5:30 p.m., and on Tuesday, July 24, 2012, at 12 p.m. and 6 p.m.

 

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