Green Cove Springs, Florida
Agenda Item #5
Item Title
Adopt the 2013-14 Required Local Mill Levy
Issue/Rationale
The District's Required Local Effort (RLE) is from the gross calculation of Florida Education Program (FELP) dollars. Millage rates are also adjusted because required local effort may not exceed 90 percent of a district's total FEFP entitlement. In order to receive state funding, school districts must levy the local property tax millage set by the Legislature.
Recommended Action
Motion to adopt the required local effort mill levy of 5.094 mills which is (3.44) percent less than the rolled-back rate.
Financial Impact
Revenue to the District from the required local effort mill levy is in the amount of $44,955,175 in Fund 100.
Submitted By
Dr. George F. Copeland, Assistant Superintendent for Business Affairs