Forsyth County implements 4% cap on property tax increases for seniors and expansion projects

The Forsyth County Schools Board of Education convened on May 29, 2025, to discuss key financial strategies and budget proposals aimed at maintaining fiscal responsibility while addressing community needs. The meeting highlighted the board's commitment to managing taxpayer interests and ensuring educational quality without imposing excessive financial burdens.

One of the primary topics addressed was the board's self-imposed 4% cap on property tax increases, a measure approved by voters in a recent referendum. This cap is designed to protect taxpayers from significant spikes in home valuations, ensuring that any reassessment results in a maximum 4% increase in tax collection. Additionally, the board emphasized its senior tax exemption policy, which benefits homeowners aged 65 and older, providing them with relief that is not limited to specific property value thresholds.

The board also reported on its financial management practices, noting that recent expansions, such as the Mashburn project, have been funded entirely through reserved funds, allowing the district to avoid incurring debt. This approach has contributed to maintaining the lowest millage rates in the metro area, a point of pride for the board.

In discussing the proposed budget for the upcoming year, the board indicated an overall increase of 5%, with a local control increase of only 1.54%. This figure is notably below the current inflation rate for the region, reflecting the board's efforts to realign district functions and eliminate underutilized programs. The board has successfully maintained a 15% fund balance, which provides financial stability and prepares the district for unforeseen challenges.

The meeting concluded with a focus on the importance of careful financial forecasting and strategic planning, which have been instrumental in the district's ability to manage costs effectively while continuing to invest in educational infrastructure and services. The board's commitment to fiscal responsibility and community engagement remains a central theme as they move forward with their initiatives.