Aside from a recent dip in sales tax money revenue, the Jackson County School System’s finances are on sound footing with two-thirds of the year in the books.
The system is out-pacing its fund balance total from last year by $450,000 and is on target to finish at $4.8 million in the black.
“So this is good news,” assistant superintendent Jamie Hitzges said. “Hopefully, it brings glad tidings and joy.”
One plus is that the system is collecting its property tax revenue at a faster rate this year over last year, having already taken in 73 percent of its budgeted total with 67 percent of the year complete.
Furthermore, the system is on target with regard to its overall expenses. In fact, it has only spent 65 percent of the budgeted total for instruction.
“This is approximately $600,000 below budget,” Hitzges said.
Recent SPLOST receipts aren’t as positive, however, bottoming out at a two-year low at just $426,657 in January.
The slumping SPLOST collections are worrisome for system leaders — the $426,657 total was $135,109 less than the previous month — but superintendent April Howard highlighted the bigger financial picture.
“We should celebrate the fact that the economy is by all indications coming around,” she said, pointing to an uptick in county retail development that should positively impact sales tax revenue for the schools.
For the full story, see the March 16 issue of The Jackson Herald.