The Oconee County Board of Education is poised to vote on Monday to set the millage rate at 14.25 for Oconee County Schools, down from the originally proposed 15.0, and to compensate for the lost revenue from the lower rate by drawing down the school system’s savings account, or Fund Balance.
Oconee County Chief Financial Officer Peter Adams revealed the strategy of spending reserves to allow for the reduction in the millage in two tax hearings on Monday and in a revised budget he released at the second of those hearings.
