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Sarasota County Schools
The School Board of Sarasota County, Florida Landings Administrative Complex 1980 Landings Blvd. 5:15 P.M.
July 19, 2007 Budget Meeting
Agenda Item #2


Title
ACCEPTANCE OF THE 2007 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County 2007 tax roll at $62,685,251,050, which represents a 6.5% increase over the 2006 tax roll of $58,837,269,434, (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 2007-08.  This millage rate is set at 3.541 mills by the State of Florida.  The proposed millage rate required by state law is .74% more than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 1.83% more than last year's rolled back rate.

A comparison of the 2006 millage levies with the proposed 2007 levies is as follows:

MILLAGE LEVY

2006 PROPOSED MILLAGE RATE

2007 PROPOSED MILLAGE RATE

General - local required effort

3.623

3.541

General - basic discretionary

0.510

0.510

General - supplemental discretionary

0.077

.072

Capital Outlay

2.000

2.000

Voted Operating

1.000

1.000

TOTAL Millage Rate

7.210

7.123



Recommendation

Recommended Motion: "that the following proposed millage rates for 2007, be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes.

General - Voted Operating                                           1.000 mills

General - Supplemental Discretionary at                          .072 mills

General - Local Required Effort at                                 3.541 mills

General - Local Discretionary at                                    .510 mills

Capital Outlay at                                                         2.000 mills

            For a total of                                                   7.123 mills"

 

 

 

 

 



Contact
NORRIS

Financial Impact
N/A