The Barrow County Board of Education was recently presented a three-year financial forecast that anticipates a $3.6 million reserve deficit at the end of FY2017-18.
Total revenues are expected to increase from $90.3 million in the FY2014 budget to $93.8 million in FY2017. The forecast predicts an increase in local taxes from $24.776 million to $25.65 million and a 2.5-percent increase in funds from Quality Basic Education (QBE).
While the forecast anticipates an incremental increase in revenues, expenditures are expected to increase even more. Total expenditures are expected to increase from $93.5 million in FY2014-15 to $97.58 million in FY2017-18.
For the full story, see the Dec. 4 issue of the Barrow Journal.
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