2. ACCEPTANCE OF THE 2011 PROPOSED MILLAGE RATES FOR ADVERTISING

Description
N/A

Recommendation

That the following proposed millage rates for 2011 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              4.387 mils
General - Local Discretionary at                  .748 mils
Capital Outlay at                                    1.500 mils
            For a total of                             7.635 mils

The Property Appraiser has certified the Sarasota County 2011 tax roll at $42,034,698,859 which represents a 5.96% decrease from 2010 tax roll of $44,696,823,802 (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 2011-2012.  This millage rate is set at 4.387 mils by the State of Florida.  The proposed millage rate required by state law is .57% less than last year's folled-back millage rate.  When the local millage is included, the proposed millage rate is 9.61% less than last year's rolled back rate.

A comparison of the 2010 millage levies with the proposed 2011 levies is as follows:

MILLAGE LEVY	2010 PROPOSED MILLAGE RATE	2011 PROPOSED MILLAGE RATE
General - local required effort	4.653	4.387
General - basic discretionary	.748	.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.901	7.635