Millage rate lowered for 6th consecutive year
Based on the governor’s recommendation and support for staff raises, the proposed FY20 budget includes a salary increase of $3000 for all certified staff, a two percent raise for all classified staff as well as a step increase for employees. In addition, a state-mandated increase in the employer’s portion of the Teacher Retirement System (TRS) and seven new employee positions to accommodate student growth and support needs are included.
“We are grateful for the opportunity to implement raises and salary step increases for our employees in this year’s budget while once again reducing the millage rate for our taxpayers,” said Superintendent Nathan Franklin. “In partnership with our Board, we strive to remain fiscally sound while providing exceptional educational opportunities to support our students and community.”
Ninety percent of the budget is spent on employee salaries and benefits, leaving only ten percent to cover all other operational costs. Each month, the district is required to pay 21.14 percent of each teacher’s salary to the Teacher Retirement System, 7.65 percent of each salary to Social Security and $945 per employee for health insurance premiums.
Even with the increase in the FY20 budget, WCSD has proposed a tentative decreased millage rate of 20.90 (.30 less than FY19). However, the assessed value for taxable property in Walton County is recalculated each year, and the board of tax assessors is required by law to reassess values based on fair market value. As the economy continues to improve and grow, residents may see an increase in their property taxes from reassessed property values.
Overall. the Board of Education’s sound financial management has allowed the district to maintain a stable fund balance and lower the millage rate for six consecutive years while continuing to make strong improvements to support academic excellence and better serve the students of Walton County.
The Walton County School District serves around 14,000 students in 15 schools including nine elementary schools, three middle schools and three high schools. The mission of the Walton County School District is to ensure that each student acquires the knowledge and skills necessary to achieve personal success and enrich the community. The district values students as individuals with unique intellectual, physical, social and emotional needs. For more information, please visit www.walton.k12.ga.us.