Although property tax collections have started rolling in during the last month and a half, the Effingham County Board of Education is vigilantly watching its funds after accruing a deficit of $7 million in the operations budget at the end of October.
Ron Wilson, financial director for the school system, said he spoke with the tax commissioner’s office recently and learned “the line was out the door of people paying their taxes.”
After sluggish tax collections during the first three months of the term, the October financial report from the BoE’s Dec. 15 meeting indicated that operations expenditures exceeded revenues to the tune of $7,016,470. However, Wilson told the board that they’ve collected more than $7 million in taxes during November and so far in December.
For the complete story, see Tuesday's edition of the Effingham Herald.