Quick Summary / Abstract
SECOND REVISION
REVISED
Approve the advertising of the Tentative School Budget for Fiscal Year 2012-2013.
The Department of Education is required by Statute to notify districts of the Required Local Effort (RLE) no later than July 19 of every year. Please note the actual rolled-back millage rate may change based on final RLE information received from the Department of Education. In the event it changes, an amended item will be submitted.
The Legislature has decreased increased the RLE state law millage for fiscal year 2012-13. In order to participate in the Florida Education Finance Program (FEFP), the School District is required to levy the RLE state law millage provided by the state.
The overall state law millage rate has decreased increased by .0230 .0380 as compared with last year's rate. When taking increased property values into consideration, The total millage rate exceeds the rolled back rate increases by 0.53%. 1.50%.
Pursuant to Chapter 200.065 of the Florida Statutes, the School District is required to advertise its intent to adopt a tentative budget in a newspaper within 29 days of certification of value.
The total school district's budget, excluding transfers out of $231,574,126 is $2,867,895,544 $2,881,953,817.
The major components of the District's budget are the $1.9 $2.0 billion general fund and the $0.6 billion capital budget.
Requested Action
SECOND REVISION
REVISED
Approve the advertising of the Tentative School Budget for Fiscal Year 2012-2013.
The Department of Education is required by Statute to notify districts of the Required Local Effort (RLE) no later than July 19 of every year. Please note the actual rolled-back millage rate may change based on final RLE information received from the Department of Education. In the event it changes, an amended item will be submitted.
Summary
The Legislature has decreased increased the RLE state law millage for fiscal year 2012-13. In order to participate in the Florida Education Finance Program (FEFP), the School District is required to levy the RLE state law millage provided by the state.
The overall state law millage rate has decreased increased by .0230 .0380 as compared with last year's rate. When taking increased property values into consideration, The total millage rate exceeds the rolled back rate increases by 0.53%. 1.50%.
Pursuant to Chapter 200.065 of the Florida Statutes, the School District is required to advertise its intent to adopt a tentative budget in a newspaper within 29 days of certification of value.
School Board Goals
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Goal One: Student Achievement (2008-2011) |
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Goal Four: Innovation (2008-2011) |
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Financial Impact
The total school district's budget, excluding transfers out of $231,574,126 is $2,867,895,544 $2,881,953,817.
The major components of the District's budget are the $1.9 $2.0 billion general fund and the $0.6 billion capital budget.
Source of Additional Information
Becky McMahan 754-321-8330
Associated File Attachments
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