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For Immediate Release
For more information contact:
May 21, 2012
Jay Dillon (770) 426-3345

 

Board Approves Fiscal Year 2013 Budget

The Cobb County Board of Education approved the budget for Fiscal Year 2013 during a special called meeting Monday, May 21. The Board backed a revised budget recommendation by Superintendent Dr. Michael Hinojosa that includes three furlough days, a 177-day school year and no changes to elementary school media paraprofessional positions. In a separate vote, the Board approved an amended 2012-2013 school year calendar with furlough days placed on Dec. 21, 2012, Feb. 15, 2013, and May 30, 2013.

Click here to view approved calendars for the 2012-2013 school year.

The Board and Dr. Hinojosa initiated the budget development process earlier than in previous years, to provide the District with ample time to address budget concerns and acquire input from staff and the community.

Faced with a shortfall in excess of $60m due to continued decreases in local property tax revenue and state funding cuts, the Board approved the following spending reductions and measures to balance the FY13 budget:

  • Increased class sizes by 2 students (on average)
  • 350 teaching positions will go unfilled
  • Reduced school year from 180 days to 177 days
  • 3 furlough days for all employees
  • Delayed step increase for eligible employees to mid-year
  • Use $23 million in SPLOST II excess funds to lower the property tax millage rate
  • Use $28.2 million in reserve funds to help offset deficit

The FY2013 budget goes into effect July 1, 2012. Complete budget details, including updated calendars and video presentations from the development process, are available in the Budget section.

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