2. 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 comparision of the 2005 millage levies with the proposed 2006 levies is as follows:

MILLAGE LEVY	2005 PROPOSED MILLAGE RATE	2006 PROPOSED MILLAGE RATE
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-Voted Operating                        1.000 mills General - Supplemental Discretionary at     .077 mills General - Local Required Effort at            3.623 mills General - Local Discretionary at                 .510 mills Caapital Outlay at                                     2.000 mills For a total of                                             7.210 mills