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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 22, 2010 Budget Meeting
Agenda Item #2


Title
ACCEPTANCE OF THE 2010 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County 2010 tax roll at $44,700,480,106, which represents a 9.15% decrease from the 2009 tax roll of $49,204,548,550 (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 2010-2011.  This millage rate is set at 4.653 mils by the State of Florida.  The proposed millage rate required by state law is .64% less than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 3.85% less than last year's rolled back rate.

A comparison of the 2009 millage levies with the proposed 2010 levies is as follows:

MILLAGE LEVY

2009 PROPOSED MILLAGE RATE

2010 PROPOSED MILLAGE RATE

General - local required effort

4.179

4.653 

General - basic discretionary

.748

.748

Capital Outlay

1.500

1.500

Voted Operating

1.000

 1.000

TOTAL Millage Rate

7.427

  7.901 

 



Recommendation

That the following proposed millage rates for 2010 be accepted for advertising in accordance with the requirement of Chapter 200.065 of the Florida Statutes.

General - Voted Operating                        1.000 mils
General - Local Required Effort at              4.653 mils
General - Local Discretionary at                  .748 mils
Capital Outlay at                                     1.500 mils

For a total of                                           7.901 mils"



Contact
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Financial Impact
N/A