School District of Clay County Green Cove Springs, Florida

Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway Hearings for Special Actions regarding Students - 4:00 p.m. REGULAR MEETING - 7:00 p.m.

September 18, 2014 - Regular Meeting with Public Hearing on the Budget Agenda Item #3 Item Title Review the Rolled-Back Rate Calculation and the 2014-15 Millages Issue/Rationale TRIM requires two public hearings for open discussion of millage rates and budgets of taxing authorities.  The first substantive issue discussed by the governing body of taxing authority is the percentage increase or decrease in millage over the rolled back rate necessary to fund the budget, if any and the specific purposes for which as valorem tax revenues, are being increased or decreased.  The general public is allowed to speak and ask questions prior to adoption of any measures by the governing body.  The millage rate is adopted first and budget is adopted second.  The total mill levy for fiscal year 2014-15 is 7.222 mills which is (0.86) percent more than the total roll back rate.  The required local mill levy is 4.974 mills which is (0.12) percent more than the rolled back rate. Recommended Action N/A Financial Impact The District will generate a total of $66,296,427 from all mill levies. Submitted By Dr. George F. Copeland, Assistant Superintendent for Business Affairs Attachment:  Rolled-Back Rate Calculation 2014-2015.pdf