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The Bulloch County Board of Education, at its July 28 work session, will place on the table for review the school district's proposed 2016 School Maintenance and Operations millage rate. The Board will vote on the proposed millage rate at its Aug. 11, regular session meeting. The school system's 2016 tax digest, five-year history is attached.
The Board is proposing to roll back the current School Maintenance and Operations Millage Rate of 9.848 mills to 9.804 mills due to an increase in local property values. The lower millage rate may not necessarily mean lower property taxes. This is determined by the assessed value of the owner's property.
Standard & Poor’s (S&P), the nation’s second-leading bond rating firm, raised its school issuer credit rating on Bulloch County Schools’ (BCS) general obligation bonds from “A Plus” to “AA Minus,” according to a RatingsDirect® Summary released October 5. The Summary lists “the district’s consistently favorable financial performance despite the recession’s ongoing revenue pressures,” and the school district’s “pro-active budget management,” as some of the primary reasons for the increase. “This is a positive indication of the school district’s underlying credit rating, and it’s the third increase in less than 10 years,” said Superintendent Charles Wilson.