Agenda Plus
School Board of Clay County
September 8, 2016 - Special Meeting (Public Hearing on the Final 2016-2017 Budget)
Title
Review the Rolled-Back Rate Calculation and the 2016-17 Millages
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 purposed for which ad 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 2016-17 is 6.762 mills which is 1.75 percent less than the total roll back rate. The required local mill levy is 4.514 mills which is 4.25  percent less than the rolled back rate.

Recommendation

N/A

Contact
Dr. Susan Legutko, Assistant Superintendent for Business Affairs
Financial Impact
The District will generate a total of $68,028,154 from all mill levies.
Review Comments
Attachments

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