BOE approves millage rate

Posted by
in Top Stories & Breaking News, Winder Archives
Monday, September 27. 2010
Comments (0)
The Barrow County Board of Education set its millage rate at 18.5 mills Tuesday night, the same it’s been since 2006.

The approval came at a called meeting the board held in order to allow the Board of Commissioners to approve the rate at its meeting later the same night.

Also at the meeting, the BOE voted to withdraw its application to the state for Qualified School Construction Bonds (QSCB).

The BOE had previously been positioned to qualify for QSCB, which was an allocation authorized by the American Recovery and Reinvestment Act of 2009. The allotment is not federal money or a grant, but locally borrowed funds that are set up so that those who bought the bonds may get federal tax credits.

The board previously approved a letter of intent to issue the bonds. However, when it wrote the ESPLOST resolution, the State Department of Education (SDOE) had not finished the guidelines regarding the QSCB.

With the guidelines intact, the board found it’s not advantageous to use the bonds, and that it would cost 10-15 percent more than a project would normally cost if the funds were drawn.

As an alternative, the board may issue bonds for capitol improvements through locally issued bonds that voters authorized under SPLOST 4.

Set aside in case the bonds were issued was $60 million. Now that the board has withdrawn the QSCB application, the SDOE can release the funds for another area.
Defined tags for this entry: , ,
Related entries by tags:
Trackbacks
Trackback specific URI for this entry
No Trackbacks
Comments
Display comments as (Linear | Threaded)
No comments
Add Comment
E-Mail addresses will not be displayed and will only be used for E-Mail notifications.
To leave a comment you must approve it via e-mail, which will be sent to your address after submission.

To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.
CAPTCHA

 
   
 
Submitted comments will be subject to moderation before being displayed.
 

Recent Stories

Local event to honor older Americans
Saturday, May 18 2013
Free summer food program for kids starts May 21
Saturday, May 18 2013
CUSTOM MADE SCREENS AND SCREEN REPAIR
Friday, May 17 2013
WINDER 3BR, 1BA house
Friday, May 17 2013
WINDER 2BR, 1BA HOUSE
Friday, May 17 2013

Recent Comments

V about We are all Bostonians now
Fri, May 17, 2013 - 07:43 AM
False Flag to roll out the police state.
Hmmm about Father of BOC member could face charges in helicopter incident involving Sonny Perdue
Thu, May 16, 2013 - 08:23 AM
"Where an excess of power prevails, property of no sort is duly respected. No man is safe in [...]
Two Issues about that about Father of BOC member could face charges in helicopter incident involving Sonny Perdue
Wed, May 15, 2013 - 03:26 PM
1. You live near an AIRPORT, therefore AIR TRAFFIC will occur, I recommend selling or getting [...]
Joe about Father of BOC member could face charges in helicopter incident involving Sonny Perdue
Wed, May 15, 2013 - 02:16 PM
Let's hope the apple fell a little far from the tree.
Mike M. about Top administrator, principal resign from Barrow schools
Mon, May 13, 2013 - 11:26 AM
Sad but true, perhaps those bus drivers should have made better career decesions.
Adam about We are all Bostonians now
Mon, May 13, 2013 - 11:08 AM
Wasn't it Boston-Mass. that turned away help during the Hurricane becasue they weren't Union W [...]

Signup to receive Journal Headline Previews and Breaking News Email Alerts

This Week's Poll

Sister Sites

BanksNews TODAY
BraseltonNews TODAY
CommerceNews TODAY
JacksonHerald TODAY
MadisonJournal TODAY
MainStreetNews OBITS
MainStreetNews SPORTS
MainStreetNews.com
Copyright © 2008-2012 MainStreet Newspapers, Inc.