JIPSD First Reading on Budget on Tuesday, May 12 at 7:00

The JIPSD Commissioners have held two workshops on the budget.

The 3.9%  (2 mills) tax increase for next year is very much on the table.

The budget plans continue to show a 25% tax increase over the next five years--from 51.1 mills to 64.1 mills.  

The most recent draft proposes a 5% across the board pay increase for all JIPSD employees, along with an average 2.5% merit increase.   So that implies that all JIPSD employees will get at least a 5% pay hike next year, but the average employee will get 7.5%-- some more and others less.

The JIPSD is currently running a $371,000 budget deficit and next year's draft budget proposes a $373,000 budget deficit.  The plan is to spend down the funds balance from its current level of $3.3 million, finally bringing revenues and expenditures to rough balance in 2020 with an approximate $2 million funds balance remaining.  

The first reading on the budget is scheduled for tomorrow, Tuesday, May 12 at 7:00 PM.   The possible sale of the Dills Bluff Property to Charleston County Library and/or the Town is also on the agenda.

The public hearing on the budget is scheduled for Monday, June 8 at 6:30 PM.