July 19, 2016 Tentative Budget Meeting Agenda Item #2
Title ACCEPTANCE OF THE 2016 PROPOSED MILLAGE RATES FOR ADVERTISING
Description
N/A
Recommendation
That the following proposed millage rates for 2016 be accepted for advertising in accordance with requirement of Chapter 200.065 of the Florida Statutes.
General - Voting Operating 1.000 mils General - Local Required Effort 4.185 mils General - Local Discretionary .748 mils Capital Outlay 1.500 mils For a total of 7.433 mils
The Property Appraiser has certified that Sarasota County 2016 tax roll at $54,838,821,256 which represents a 9.17% increase from the 2015 tax roll of $50,301,897,178 (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 2016-2017. This millage rate is set at 4.185 mils by the State of Florida. The proposed millage rate required by state law is .42% less than last year's rolled-back millage rate. When the local millage is included, the proposed millage rate is 2.87% more than last years rolled-back rate.
A comparison of the 2015 millage levies with the proposed 2016 levies is as follows:
MILLAGE LEVY |
2015 ACTUAL MILLAGE RATE |
2016 PROPOSED MILLAGE RATE |
General - local required effort |
4.515 |
4.185 |
General - basic discretionary |
0.748 |
0.748 |
Capital Outlay |
1.500 |
1.500 |
Voted Operating |
1.000 |
1.000 |
TOTAL Millage Rate |
7.763 |
7.433 |
Contact N/A
Financial Impact N/A
Attachment: Cert Schl Tax Value.pdf
|