Title and Board Action Requested
title
Adoption of the Final Millage Rates for the Fiscal Year 2025-2026
body
Executive Summary
The Chief Financial Officer, on behalf of the Superintendent of Schools, hereby requests the Board’s approval to adopt the final millage rates.
The Florida Legislature enacted statutes known as Truth in Millage (TRIM). TRIM statutes dictate the form and placement of the budget advertisements, as well as the order of business during public meetings.
The District's TRIM advertisement was published in the Tampa Tribune, a local newspaper of general distribution on Sunday, July 27, 2025. The 1st Public Hearing was held on Tuesday, July 29, 2025, when the Board approved the Tentative Millage Rates.
During this 2nd Public Hearing, prior to the adoption of the 2025-2026 Budget, the Board must adopt the final millage rates.
The proposed millage to be levied by the district is 6.2650 mills which is 2.62% more than the rolled back rate. These rates will be set and certified to the Hernando County Property Appraiser and to the Florida Department of Revenue adopting Resolution #R26-003.
My Contact
Joyce McIntyre
Chief Financial Officer
(352) 797-7004 Ext. 70-438
Dionne Makinson
Coordinator of Finance
(352) 797-7004 Ext. 70-417
2023-28 Strategic Focus Area
Priority 5: Fiscal Transparency and Capital Planning
Financial Impact
See attached Resolution R26-003
If expenditure is not currently budgeted, this will serve as the budget amendment when Board approved. If the agenda item includes the purchase of goods or services, the funds requested are an anticipated amount and may fluctuate depending on such factors as current market conditions, product availability, additional funding sources, and the needs of the District. Should the actual cost exceed the anticipated amount, the Board approves the additional cost, after review by the superintendent, but not in excess of the funds available in the site’s approved annual budget.