e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 2:00 P.M. |
Agenda Item #2 Title ACCEPTANCE OF THE 2006 PROPOSED MILLAGE RATES FOR ADVERTISING Description The Property Appraiser has certified the Sarasota County 2006 tax roll at $59,015,112,895 which represents a 27.0% increase over the 2005 tax roll of $46, 435,842, 068 (see "Certification of School Taxable Value"). The general fund local required effort must be levied by the School Board, if the district is to receive any state FEFP dollars in fiscal year 2006-07. This millage rate is set at 3.623 mills by the State of Florida. The proposed millage rate required by state law is 4.53% more than last year's rolled-back millage rate. When the local millage is included, the proposed millage rate is 12.57% more than last year's rolled back rate. A comparison of the 2005 millage levies with the proposed 2006 levies is as follows: Millage Levy 2005 Millage Rate 2006 Proposed MR General - local required effort - 4.254 3.623 General - basic discretionary - 0.510 0.510 General - supplemental discretionary - 0.097 0.077 Capital Outlay - 2.000 2.000 Voted Operating - 1.000 1.000 TOTAL Millage Rate - 7.861 7.210 Recommendation That the following proposed millage rates for 2006 be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes. General - Voting Operating 1.000 mills General - Supplemental Discretionary at .077 mills General - Local Required Effort at 3.623 mills General - Local Discretionary at .510 mills Capital Outlay at 2.000 mills For a total of 7.210 mills Contact NORRIS & MONSON/WEIDNER Financial Impact N/A |