When the total digest of property is prepared Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year's digest that last year's millage rate would have produced had no reassessments occurred.
The budget adopted by the board of education requires a millage rate higher than the rollback millage rate. Before the board may set a final millage rate, Georgia law requires that three public hears be held to allow an opportunity to express their opinions on this increase.
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