First Public Hearing Budget August 1, 2018 1
School Board Members Sally A. Harris, Chair Tamara P. Shamburger, Vice Chair Lynn Gray April Griffin Melissa Snively Cindy Stuart Susan L. Valdes 2
The education of children is a fundamental value of the people of the State of Florida. It is, therefore, a paramount duty of the state to make adequate provision for the education of all children residing within its borders. Adequate provision shall be made by law for a uniform, efficient, safe, secure, and high quality system of free public schools that allows students to obtain a high quality education. Florida Constitution Article IX, Section 1 3
Legislative Requirements: 1) What is TRIM? 2) What is the Rolled-Back Rate? 3) What is a Property Tax Millage Rate? 4
Definitions: What is TRIM? TRIM timelines are very prescriptive in Law; TRIM clock starts July 1 or Date of Certification; Total timeline to Budget Adoption is 80 days; Two Public Hearings required during time; Submittal of adopted Budget and Millage 5
Definitions: What is the Rolled-Back Rate? The Rolled-Back Rate is the millage rate that would raise the same amount of revenue as last year if applied to the current tax roll. 6
Definitions: What is a Property Tax Millage Rate? A millage rate or mill levy of $1.00 per $1,000 of taxable property value. 7
Florida Education Finance Program (FEFP) The Florida Department of Education certifies the State Required Local Effort (RLE) Millage rate that must be levied by the School Board to generate the required local share. The School Board must impose the established Millage rate in order to obtain the state share of funding for the district. 8
Proposed Millage Rate for FY 2018-2019: Proposed 2018-2019 State Required Local Effort 4.1660 Discretionary Operating 0.7480 Supplemental 0.0000 Sub-Total 4.9140 Debt Service 0.0000 Discretionary Capital Outlay 1.5000 Total Millage Levy 6.4140 9
How are my taxes computed? Assessed Value $ 200,000 Homestead Exemption $ (25,000) Taxable Value $ 175,000 Taxable Value $ 175,000 Divided by 1,000 175 x Millage Rate 6.4140 Property Taxes Remitted $1,122.45 for School Funding 10
Hillsborough County Property Appraiser 601 E. Kennedy Blvd 15 th Floor County Center Tampa, FL 33602-4932 E-mail: custserv@hcpafl.org Telephone: 813-272-6100 Fax: 813-272-5519 11
Definitions: Market Value Assessed Value Assessment Reductions Exemptions Taxable Value 12
So what does this mean? The average family will pay $1,122.45 in property taxes on a home assessed at $200,000 earmarked for the public schools in Hillsborough County. Over the course of one year, that averages out to $3.08 a day. 13
The $3.08 per day pays for: Teachers, Guidance Counselors, school staff Utilities Electricity, Water, Garbage Collection, etc. Fuel for yellow school buses Technology in classrooms Lab equipment for science classes Building repairs, renovations, improvements 14
Estimated Revenue Internal Service Fund Capital Fund Debt Service Fund General Operating Fund Federal/SNS 15
Hillsborough County Public Schools We are: Students Employees Families Community 16
How Are the Dollars Spent? Curriculum & Professional Development = 2.33% District Services = 1.37% (Human Resources, General Administration, Central Services, Administrative Technology Services) School Level Services = 96.30% (Instruction, School Administration, Counseling, Psychological Services, Community Services, Maintenance, and Transportation) 17
General Fund Comparison FY 2018* FY 2019* Salaries $ 1,046,957,610 $1,030,852,028 Employee Benefits $ 303,112,538 $ 322,502,448 Purchased Services $ 230,863,699 $ 254,254,109 Energy Services $ 36,366,056 $ 36,256,931 Materials & Supplies $ 47,129,432 $ 60,959,473 Capital Outlay $ 8,175,886 $ 8,436,244 Other Expenses $ 20,657,984 $ 20,091,436 Transfers $ 3,507,854 $ 2,000,000 Fund Balance $ 145,000,000 $ 149,114,171 Total $ 1,841,771,060 $1,884,466,841 *July 31, 2018 Estimated
General Fund Comparison Difference Salaries $ (16,105,582) Employee Benefits $ 19,389,911 Purchased Services $ 23,390,410 Energy Services $ (109,125) Materials & Supplies $ 13,830,041 Capital Outlay $ 260,357 Other Expenses $ (566,549) Transfers $ (1,507,854) Fund Balance $ 4,114,174 Total $ 42,695,781
Recommendations Adopt the Proposed Individual Millage Rates as follows: State Required Local Effort Discretionary Operating Local Capital Outlay Debt Service Total Millage Rate 4.1660 mills 0.7480 mills 1.5000 mills 0.0000 mills 6.4140 mills 20
Recommendations 1) Adopt the Tentative Budget of $3,012,285,120.89 2) Approve the Resolutions Adopting the Tentative Millage Rates and Tentative Budget 3) Approve the Procedures for Expenditure of Lottery Funds 4) Authorize staff to perform all tasks necessary to ensure compliance with the Truth in Millage (TRIM) requirements of Chapter 200, Florida Statutes. 21
Final Public Hearing FY 2018-2019 When: Tuesday, September 11, 2018 Time: Where: 5:01 p.m. Raymond O. Shelton School Administrative Center (ROSSAC) 901 East Kennedy Blvd. Tampa, Florida 22
On behalf of our students and teachers THANK YOU! 23