2. ACCEPTANCE OF THE 2014 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

N/A

Recommendation

That the following proposed millage rates for 2014 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 at    4.529 mils
General - Local Discretionary at       .748 mils
Capital Outlay at                              1.500 mils
For a total of                                    7.777 mils

The Property Appraiser has certified the Sarasota County 2014 tax roll at $46,981,167,444 which represents a 7.81% increase from 2013 tax roll of $43,576,145,919  (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 2014-2015.  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 2013 millage levies with the proposed 2014 levies is as follows:

MILLAGE LEVY	2013 ACTUAL MILLAGE RATE	2014 PROPOSED MILLAGE RATE
General - local required effort	4.722	4.529
General - basic discretionary	0.748	0.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.970	7.777

Attachment: attach 2.pdf