Millage rollback to save roughly $1.9 million for taxpayers

Editor June 3, 2017 Comments Off on Millage rollback to save roughly $1.9 million for taxpayers
Millage rollback to save roughly $1.9 million for taxpayers

SLIDELL – Despite continued growth in population for St. Tammany Parish, which certainly translates to more students in public schools, the School Board voted to roll back its overall millage again for the 2017 tax roll.
The roll back for the coming fiscal year will be 1 total mills, broken down from the six different millages the School Board collects from property owners in the parish.
St. Tammany Parish has received its share of negative news in recent years, highlighting the fact it has one of the highest overall millages of any parish in the state, somewhere near the 170 range depending on where you live in the parish.
However, the School Board voted recently to rollback the millage by 1 mill that will save approximately $1.9 million for property owners.
Since 1990, the School Board has rolled back 22 mils for a total estimated savings of $42.6 million for taxpayers.
The St. Tammany Assessor’s Office confirmed that the school system is able to do that thanks to the growth in the parish, which has put more properties on the tax rolls, not to mention increasing property taxes. Even with the lower millage the School Board will still get close to the same overall revenue they have functioned on in the past year.
The School Board collects six different property tax millages from taxpayers, which totaled 66.41 mills in the most recent year reported.
The next highest taxing agency is law enforcement with 11.25 mills, also a reduced amount from the previous year.
There are 15 different parishwide taxpayer-approved millages currently being collected, while smaller agencies such as rec districts, drainage districts and lighting districts add smaller millages to various regions.
“Our School Board appreciates the support of our community and taxpayers who entrust us with the funds necessary tomaintain a safe and productive learning environment for our students. We remain dedicated to being fiscally responsible with taxpayer funds, and we are committed to adopting cost saving measures when possible to limit the tax impact onresidents.” said School Board President Robin P. Mullett.
In the annual Fiscal Assessment Report issued by the Louisiana Department of Education, the School Board received an excellent review of fiscal factors including excellent business practices, financial reporting and audit findings. The Board also received excellent marks for balanced budgets and maintaining fund balances.
For the 29th year in a row, the St. Tammany Parish Public School System has been awarded for achieving excellence in financial reporting by the Association of School Business Officials (ASBO) and the Government Finance OfficersAssociation (GFOA).
Maintaining an AA bond rating issued by the Standard & Poor’s Rating Services, the School Board continues to save millions of dollars in interest costs on bonds. The savings in interest costs results in substantial savings to property taxpayers. This is the highest bond rating issued to any School System in Louisiana.

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