HERNANDO, Mississippi — DeSoto County school officials have outlined a proposed budget for fiscal 2013-14 that calls for no tax increase but adds revenue and expenditures including a teacher pay raise.
The 42-school district expects revenue of $257 million — up from $247 million this year — and expenses of $272 million, which is an increase from $263 million this year.
Thomas Spencer, associate superintendent of finance, tells The Commercial Appeal (http://bit.ly/10srfGT ) the shortfall will be made up by a combination of general funds and state contributions, which is common practice.
Spencer said Monday the millage rate, or amount of taxes the district receives, would remain the same at 53.55 mills.
The district's millage rate will officially be set as part of the total county tax rate determined by the board of supervisors.
Information from: The Commercial Appeal, http://www.commercialappeal.com