PERRY -- The millage rate for fiscal year 2014 property taxes is expected to remain the same, as the Houston County Board of Education votes Tuesday on the proposed rate.
The board is expected to give tentative approval to a rate of 13.34 mills, which is the same as last years rate, according to a board document.
The board was presented the millage rate Monday during its work session and will vote July 25 to give final approval.
The proposed rate is expected to generate about $49.5 million in ad valorem taxes. The fiscal year 2014 budget calls for $50 million in property tax receipts. The district is counting on prior year and motor vehicle taxes to make up the difference. I do think we will bring in the funds budgeted ... for the ad valorem, said Stephen Thublin, assistant superintendent for finance and business operations.
That is what happened last year. The millage rate was expected to generate about $48.6 million, but about $50.3 million in ad valorem taxes should be collected for fiscal year 2013, which is more than budgeted, Thublin said.
The board approved in June a fiscal year 2014 budget with total revenues of more than $286 million and a reserve of more than $22 million.
To contact writer Jenna Mink, call 256-9751.