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September 5, 2019 - Regular Meeting and Public Hearing on the 2019-2020 Budget | ||
Title Adopt the 2019-2020 Required Local Effort Mill Levy | ||
Description The District's Required Local Effort (RLE) is based on the gross calculation of Florida Education Program (FEFP) 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. | ||
Gap Analysis | ||
Previous Outcomes | ||
Expected Outcomes Adoption of the the 2019-2020 Required Local Effort Mill Levy of 3.799 mills which is 19.44 percent more than the rolled-back rate. | ||
Strategic Plan Goal The District ensures fiscal responsibility and equitable distribution of resources. | ||
Recommendation Motion to adopt the required local effort mill levy of 3.799 mills which is 19.44 percent more than the rolled-back rate. | ||
Contact Dr. Susan Legutko, Assistant Superintendent for Business Affairs | ||
Financial Impact Revenue to the District from the required local effort mill levy is in the amount of $48,280,899 in Fund 100 (General Operating). | ||
Review Comments | ||
Attachments No attachments available |