School board seeks $4.8 million short-term loan

Posted by
Staff Writer
in News Links, Top Stories
Tuesday, December 22. 2009
Comments (4)
The Banks County School System agreed Thursday night to get a $4.8 million short-term loan until it receives tax funds for this year.

The board of education approved the Tax Anticipation Note (TAN) for up to $4.8 million from Northeast Georgia Bank. A TAN is a short-term debt issued by a government agency in anticipation of future tax collections. The BOE would have to repay the loan by Dec. 31, 2010.

The interest rate for the loan is 4.2 percent.

In other business at the Dec. 17 meeting, the BOE approved the following personnel matters:

•the retirement of Betsy Dye, a teacher at the primary school, effective at the end of the 2009-2010 school year.

•hiring David Wardlaw as a ROTC teacher at the high school.

•family medical leave for Ansley Crabbe, a teacher at the elementary school, and Kathy Freeman, a bus driver.

•the resignation of Dana Mills, a parapro at the primary school.

Also at the meeting, superintendent Chris Erwin recognized the special education department for honors it received from the state department of education for serving students with disabilities.
Defined tags for this entry: , ,
Related entries by tags:
Trackbacks
Trackback specific URI for this entry
No Trackbacks
Comments
Display comments as (Linear | Threaded)
#1 buffalo1 on 01/03/10 at 08:13 PM [Reply]
Why is it that every year our taxes are always paid late? Is it because Margaret Ausburn doesn't know what she is doing? It's a shame that her department over looked a 1 million dollar revenue when she wanted to raise taxes 21%( thats including the lost homeowner tax relief,dopped by governer Perdue this year)The BOE probably wouldn't need such a loan if the people we elect would do their job right! By the way BOE have you ever seen how many students arrive by car than bus at the schools? I'm paying 65% of my taxes for education! Lets get the word out that there is transportation avialable or drop my rate!
#2 Anonymous on 01/12/10 at 08:37 PM [Reply]
I guess the $2,019,733.00 in federal stimulus money just isn't enough, huh?
#3 TAX REVOLT! on 02/01/10 at 01:34 PM [Reply]
I say we stop paying! When the county and school board goes bankrupt, they'll get the message and drop some of these salaries - aka super/multiple assistants/principal/multiple assistants etc.
#3.1 Anon on 02/02/10 at 10:46 AM [Reply]
Go ahead! And while you're at it, go on down to Walmart, The Tanger Outlets and places that you shop and let them know you're tired of paying their salaries too! Call Jackson EMC or whoever and tell them you're gonna "revolt". Because in essence you pay their salaries too! And you ought to see what some of them make. With the schools, you're paying to educate your child (children, grandchildren, etc). Whether they choose to learn what they are being taught is another story. Some of the people in this county act like when they make out payroll at the Board of Education, that it is coming directly out of you're account. The county does not pay all of the school employees salaries, thank you very much. It is a VERY small portion that comes from the county. The majority comes from the state. Instead of complaining all the time, just be thankful that we live in a country where we can send our kids to school.
Add Comment
E-Mail addresses will not be displayed and will only be used for E-Mail notifications.

To prevent automated Bots from commentspamming, please enter the string you see in the image below in the appropriate input box. Your comment will only be submitted if the strings match. Please ensure that your browser supports and accepts cookies, or your comment cannot be verified correctly.
CAPTCHA

 
   
 
Submitted comments will be subject to moderation before being displayed.
 
Copyright © 2008-2015 MainStreet Newspapers, Inc.