3. ACCEPTANCE OF THE 2018 PROPOSED MILLAGE RATES FOR ADVERTISING

Description

The Property Appraiser has certified the Sarasota County School Board’s 2018 taxable assessed property values at $62,826,665,585 which represents a 6.82% increase from the 2017 tax roll of $58,813,558,178 (see "Certification of School Taxable Value").  The General Fund required local effort millage must be levied by the School Board if the district is to participate and receive any Florida Education Finance Program (FEFP) funds in fiscal year 2018-2019. The millage rate for Sarasota County Schools is set at 3.755 mils by the State of Florida.  The proposed millage rate required by state law is -0.82% less than last years rolled-back millage rate.  When all local millage levies are included, the proposed millage rate is 1.63% more than last years rolled-back rate.

 

A comparison of the 2017 millage levies with the proposed 2018 levies is as follows:

 

 

MILLAGE LEVY	2017 ACTUAL MILLAGE RATE	2018 PROPOSED MILLAGE RATE
General - required local effort	3.961	3.755
General - basic discretionary	0.748	0.748
Capital Outlay	1.500	1.500
Voted Operating	1.000	1.000
TOTAL Millage Rate	7.209	7.003

 

Recommendation

That the following proposed millage rates for 2018 be accepted for advertising in accordance with requirement of Chapter 200.065 of the Florida Statutes.

 

 

General - Voted Operating	1.000 mils
General - Local Required Effort	3.755 mils
General - Local Discretionary	.748 mils
Capital Outlay	1.500 mils
Total Millage	7.003 mils

Attachment: Certification of School Taxable Value 2018.pdf