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Monday, June 22, 2009

Rock Hill School Board Passes 2009-10 Budget

The Rock Hill School Board passed the 2009-10 school year budget with a vote of 6-0 (Reid out of town). This vote, coupled with a 6-0 vote for a Technology and Operations Bond will preserve jobs and complete classroom installation of Promethean Boards while only increasing taxes on business by 1.7 mils. Property tax for homeowners will actually go down by 4 mils. The budget is for $128.7 million and the bond is for $2.5 million. The Board had to suspend Fund Balance Policy DFAC, which requires a 50 day supply of cash on hand, to move $2.5 million so the budget would be balanced. As part of the motion, the board requested the administration come back with a two year plan (by October work session) for balancing the budget without stimulus money.

In other action, the board voted 6-0 on a resolution to join with the state tax anticipation note (so we can borrow money while awaiting revenue collection) and 4-2 to approve roofing contracts for Ebinport Elementary, Lesslie Elementary, and Sunset Park Elementary in the amount of $368,823 (Vining and Brown voted against because there was an option which was $17,000 cheaper).

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