School board eyes $50.2M budget

By By Georgia E. Frye / staff writer
July 12, 2003
More than half of the Lauderdale County School District's proposed $50.2 million budget for the new school year would fund classroom instruction.
The proposed budget, which is $1.2 million more than the $48.9 million the district spent last year, would not raise property taxes for county residents.
Charlotte Parker, director of finance for Lauderdale County public schools, said Friday she is pleased the proposal would not raise taxes.
School district officials outlined the proposed budget at a public hearing Thursday that was attended by about 20 people.
School board members are expected to vote on the proposed budget Thursday. Until then, Lauderdale County residents can contact the school district office if they have questions about finances.
Parker said the current school tax rate of 43.11 mills would remain the same. A millage rate is the amount of tax paid per dollar on the assessed value of property. One mill is one-tenth of 1 cent.
Details of the proposed budget include the following:
About 63 percent of the district's revenues come from the state. Another 23 percent is generated locally and 12 percent comes from federal sources. Total revenues for the new year are $47.9 million.