2. 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"