JEFFERSON City Schools will seek a line of credit, not to exceed $1 million, to cover expenses until tax collections roll in later this year. The board of education authorized a Tax Anticipatory Note (TAN) Thursday and will seek “the most competitive lender.” Proposals will be sought from local banking institutions. The system expects a cash shortfall of 30 to 45 days. Jefferson plans to pay back the debt by mid-December. The system’s fund equity is down to $395,739, which prompted the move. Jefferson also saw a reduction in state funding this year of nearly $1.9 million.
Jefferson BOE to seek line of credit to cover expenses
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#1
Taxpayer
on
10/17/12 at 09:43 PM
[Reply]
Awe, come on Jefferson BOE go ahead and raise those taxes. Every other BOE in North Ga has!! Gotta pay those huge salaries some how.
#2
Wayne
on
10/18/12 at 07:09 AM
[Reply]
They did raise the rate about a month ago. You (taxpayer) should look up some data before you write comments. Jefferson is always one of the top school systems in the state regarding efficiency measured by cost per student. When you factor their performance in, it is one of the best educational values in the state for taxpayers (high results at a low cost).
#2.1
anon
on
10/23/12 at 05:50 AM
[Reply]
Jefferson City Schools do indeed SPEND the fewest dollars per student, but can anyone confirm the correlation to the actual budget (i.e. is the millage rate really among the lowest in the state)?
#2.1.1
Mike Buffington, Publisher
on
10/24/12 at 08:47 AM
[Reply]
It is among the lowest; there are a few South Ga. county systems with lower rates. The thing you have to consider here too is the relative nature of the system's tax digest. Because it is a city system, much of Jefferson's tax digest is commercial and industrial while in other communities, the digest can be largely agricultural or residential. The makeup of a system's tax digest has a big impact on the tax rate. The real way to measure, though, is the cost per student because that is a consistent point of data.
#2.1.1.1
anon
on
10/24/12 at 09:40 AM
[Reply]
Thank you. We're often quick to criticize, but sometimes we ought to commend our local elected officials for doing a good job. In Jefferson, they've done an admirable job.
#3
Long time dragon
on
10/18/12 at 07:28 AM
[Reply]
Jefferson also covers up more than anyother system in the state. About a month ago drugs were found and "handled" by the school rather than the police. A cross bow was also located in a car again "handled" buy the school rather than the police. Now there is a pregnet middle schooler, but everyone in jefferson takes care of jefferson. No bad news is always good news.
#3.1
Commerce Resident
on
10/18/12 at 09:05 AM
[Reply]
Nooooo, I don't believe that about someone from Jefferson (sarcasm!). Every school has issues and problems...even Jefferson.
#3.2
anon
on
10/18/12 at 11:18 AM
[Reply]
What is a "pregnet middle schooler"?
#4
citizen
on
10/22/12 at 01:12 PM
[Reply]
What does a "pregnet" middle school student have to do with the taxes we pay? I'm sure that kid with crossbow planned a huge school shooting too (sarcasm.) It is common practice for schools to handle drug issues too. If you don't like the schools send your kidsfree to Jackson County.
#5
tax,tax.tax
on
10/23/12 at 08:05 PM
[Reply]
just got my city tax bill. school tax was 80% of total. don't even have kids in the system. so don't brag about how little they spend.