Title
ACCEPTANCE OF THE 2023 PROPOSED MILLAGE RATES FOR ADVERTISING
Description
The Property Appraiser has certified the Sarasota County School Board’s 2023 taxable assessed property values at $107,912,659,624 which represents a 14.23% increase from the 2022 tax roll of $94,481,334,081 (see "Certification of School Taxable Value"). The General Fund required local effort millage must be levied by the School Board if the district is to participate and receive any Florida Education Finance Program (FEFP) funds in fiscal year 2023-2024. The millage rate for Sarasota County Schools is set at 2.932 mils by the State of Florida. The proposed millage rate required by state law is 8.44% more than last years rolled-back millage rate. When all local millage levies are included, the proposed millage rate is 10.20% more than last years rolled-back rate.
A comparison of the 2022 millage levies with the proposed 2023 levies is as follows:
|
MILLAGE LEVY
|
2022 ACTUAL MILLAGE RATE
|
2023 PROPOSED MILLAGE RATE
|
|
General - required local effort
|
3.024
|
2.932
|
|
General - basic discretionary
|
0.748
|
0.748
|
|
Capital Outlay
|
1.500
|
1.500
|
|
Voted Operating
|
1.000
|
1.000
|
|
TOTAL Millage Rate
|
6.272
|
6.180
|
Recommendation
That the following proposed millage rates for 2023 be accepted for advertising in accordance with requirement of Chapter 200.065 of the Florida Statutes.
|
General - Voted Operating
|
1.000 mils
|
|
General - Local Required Effort
|
2.932 mils
|
|
General - Local Discretionary
|
.748 mils
|
|
Capital Outlay
|
1.500 mils
|
|
Total Millage
|
6.180 mils
|
Contact
CONNOR
Financial Impact