Special to SEGAZINE
Charlton County Superintendent of Schools John Lairsey says the school system’s monthly Special Purpose Local Option Sales Tax revenues are the lowest they’ve been since 2010.
“I’m concerned and keeping an eye on the SPLOST,” he told the BOE at their regular meeting last week.
The penny sales tax money has been down four months in a row now, from around $100,000 a month to about $80,000.
The school system is holding its own financially in spite of the recent decrease in SPLOST money and ongoing state budget cuts. Reserve funds are currently about $3.5 million.
“We’re in good shape there,” Lairsey said.
Local property tax revenues are holding steady, he noted, with over $1 million in ad valorem funds received from the county in January. The superintendent is also keeping a close eye on license plate revenues since the state’s change to a title tax system last year.
“We’re used to getting a big chunk of taxes in May when everybody renewed their tags. Instead we should be getting a smaller amount every month, all year long,” Lairsey said. “I don’t anticipate any issues, but we need to be mindful.”