By Gracie Bonds Staples
The Atlanta Journal-Constitution
Atlanta News
August 3, 2010
In a time of program cuts and bigger class sizes, the Fulton County school board approved its first tax rate increase in more than five years.
The board voted 6-1 to increase the millage rate 1 mill from 17.502 to 18.502. The 2.35 percent
increase, needed to balance the Fulton County school district’s 2010-2011 budget, could mean an additional $58 for the owner of a $150,000 home.
"It depends on the valuation set by the county tax assessor," said Robert Morales, the district's chief financial officer.
Because property values have gone down about 4 percent, Morales said some homeowners may not see an increase in their actual tax bill.
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© 2010 The Atlanta Journal-Constitution
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