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JONESBORO — The Clayton County Lath of Education is accepted to accept the district’s appeal to borrow $30 actor to awning circadian costs while cat-and-mouse for bounded tax monies.



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The BOE will vote abutting Tuesday whether to acquiesce CCPS to booty out a Tax Anticipation Note (TAN), additionally accepted as a concise loan, from SunTrust bank.

The accommodation will amount taxpayers $15,000 in acknowledged costs and $225,00 in interest. It charge be paid aback by the end of the year.



Chief Financial Officer Emma Benton said she estimates the commune will charge the arrival of banknote about Oct. 15.



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She explained that July and August are ablaze months in agreement of expenses. However, in September, she said the district’s new bacon calibration starts as able-bodied as the amount of starting aback to school.

“Revenue comes in on the aftermost day of the month,“ she said. “We accept amount on the 15th and 30th of every month.“

Benton explained the commune is accepted to accept about $130 actor in acquirement over November, December and January.

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At the end of June, the commune had about $64 actor in its armamentarium balance. Superintendent Morecease Beasley said the district’s ambition is accept $75 million, or 15 percent of expenditures, in armamentarium balance. At that point, he said the commune will not charge a TAN.

One of the district’s priorities over the aftermost few budgetary years has been to access its armamentarium balance, a affectionate of accumulation annual or backing day armamentarium for the academy system.

Beasley acclaimed this time aftermost year, the academy arrangement had about $19 actor and took out a TAN aftermost spring.

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In June 2018, the lath accustomed a $40 actor TAN, which was paid aback by Dec. 31, 2018.

The lath additionally accustomed a $25 actor TAN in October 2017. The accommodation was paid aback at the end of 2017.

The lath is accepted to vote during its approved lath affair on Sept. 3. The affair will activate at 6 p.m. at the Administrative Complex, 1058 Fifth Ave. in Jonesboro. To appearance the affair agenda, appointment www.clayton.k12.ga.us.

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