2. ACCEPTANCE OF THE 2015 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

N/A

Recommendation

That the following proposed millage rates for 2015 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      4.515 mils
General - Local Discretionary         .748 mils
Capital Outlay                                  1.500 mils
For a total of                                     7.763 mils

The Property Appraiser has certified that Sarasota County 2015 tax roll at $50,390,251,295 which represents a 7.01% increase from the 2014 tax roll of $46,859,575,617 (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  2015-2016. This millage rate is set at 4.529 mils by the State of Florida.  The proposed millage rate required by state law is 2.42% more than last year's rolled-back millage rate.  When the local millage is included, the proposed millage rate is 4.20% more than last years rolled-back rate.

A comparison of the 2014 millage levies with the proposed 2015 levies is as follows:

MILLAGE LEVY	2014 ACTUAL MILLAGE RATE	2015 PROPOSED MILLAGE RATE
General - local required effort	4.529	4.515
General - basic discretionary	0.748	0.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.777	7.763

Attachment: item 2 attachment.pdf