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Budget and Finance

District Operating Budget

The fiscal year for Carrollton City Schools and other K-12 public education institutions in the state starts July 1 on any given year and ends on the following June 30. The school district produces an annual operating budget for this period that is approved by the school board following a period of public review each spring to ensure transparency. The 2022-2023 school year budget is linked below.

2022-2023 OPERATING BUDGET

Millage Rate Calculation

A millage rate is a tax rate that when multiplied against the assessed value of taxable property calculates the amount of property tax to be paid. The assessed value for tax purposes is 40 percent of market value and is used as the basis for calculating the amount of property taxes for individuals and businesses. The button below links to the current chart of the millage rate history that was advertised before the final Aug. 9, 2022, board approval of the final rate. It includes a record of the past five-year history of assessed values, the millage rate used to calculate tax revenue, and the amount of revenue projected to be collected for the fiscal year.
 

Special Purpose Local Option Sales Tax

Carrollton City Schools, the Carroll County School System and Bremen City Schools have shared a funding mechanism that has allowed all three school systems to greatly enhance/expand their facilities, technology and pursue other capital improvements. 

The Special Purpose Local Option Sales Tax, or SPLOST, for education is a 1-cent sales tax that is presented to the voters via referendum every five years. Voters overwhelmingly approved an extension of the current SPLOST on June 9, 2020. Below are links to the most recent fiscal-year summaries available of Carrollton City Schools' administration of its share of funds.

SPLOST (FY ENDING JUNE 30, 2021)  SPLOST (FY ENDING JUNE 30, 2020)

SPLOST (FY ENDING JUNE 30, 2019)

Centralized Financial Information

In 2017, the Georgia General Assembly passed HB 139 that required the aggregation and publication of a variety of financial information for all school districts, such as revenue and expenditure data, capital construction costs, recent audits, and similar reports. All of this information on this site consists of data and other information which the Georgia Department of Education already collects and in most cases published in some existing form, or which is collected and published by another department within state government such as the Department of Audits and Accounts. HB 139 required the centralization of this information into a single web site, which is the purpose of this new reporting system.

Below is a link to this state DOE site, where you have the ability to review not only Carrollton City Schools financial data, but the same information from school systems all over the state.

SCHOOL SYSTEM FINANCIAL INFORMATION