Many Oconee County residents can expect to see an increase on their property taxes next year under a budget proposed by the Oconee County Board of Education.
At a meeting on Monday, Oconee County Board of Education officials approved a proposed budget for the fiscal year starting in July.
The total value of taxable property in Oconee County in the coming fiscal year is estimated to be $3.614 billion, about a ten percent increase from this year. This means that many Oconee County property owners may see their taxes rise.
About half of the school’s budget next year will come from local property taxes, while the other half will come from state funds.
90% of the nearly $115 million budget will go to salaries and benefits for staff. The remaining ten percent will fund daily operations.
If approved, the budget would offer all staff members a boost in their salaries of 4%--that’s about $3 million dollars in total. The proposed budget would also establish 19 new positions in the district.
The budget still faces at least two rounds of public input during budget hearings on May 22nd and June 3rd, both at 4 pm at the Oconee County Schools Central Office. The final budget is set to be approved on June 10th.
