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Agenda Plus
School Board of Clay County
July 29, 2025 - School Board Special Meeting (Public Hearing on the 2025-2026 Tentative Budget)
Title
Review the 2025-2026 Proposed Millage andTentative Budget (All Funds)
Description

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 ad valorem tax revenues are being increased or decreased.  The general public is allowed to speak and ask questions prior to the adoption of any measures by the governing body.  The millage rate is adopted first, and the budget is adopted second.  The total mill levy for the fiscal year 2025-2026 is 6,272 which is 5.51 percent more than the rolled-back rate.

Gap Analysis

N/A

Previous Outcomes
Expected Outcomes

The 2025-2026 budget and millage rates will be approved and executed in accordance with Florida Statutes.

Strategic Plan Goal

Goal 5: Ensure fiscal responsibility through the effective management of district operations, maximizing available resources necessary to provide an environment that is safe, efficient, and conducive to learning.

Recommendation

That the School Board of Clay County conduct a public hearing and adopt the 2025-2026 proposed millage rates and related resolutions 26-01.

           Description

 Tentative Millage Levy

Proposed Amount to be Raised

  Required Local Effort  (RLE)

              3.024

            $66,276,190

  Basic Discretionary

               0.748

            $16,393,714

  Additional Voted Millage                1.000

            $21,916,729

  Capital Outlay

               1.500

            $32,875,094

  TOTAL:

                6.272

            $137,461,727

 

That the School Board of Clay County adopts the 2025-2026 tentative budget and the related resolution 26-02.

  General Fund

        $419,996,105

  Special Revenue

        $ 48,214,150

  Debt Service

        $   7,031,337

  Capital Projects

        $141,612,144

  Internal Service

        $ 53,008,280

      TOTAL BUDGET:         $669,862,016

 

 

Contact
Dawn Posey, Assistant Superintendent of Business Affairs, dawn.posey@myoneclay.net
Financial Impact
The total mill levies will generate a total of $137,461,727. School Districts are required to budget 96% of the total funds generated ($131,963,258). The total tentative budget appropriation for 2025-2026 is $669,862,016
Review Comments
Attachments

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