Hillsborough County Public Schools Business
Action Item

DATE: Thursday, September 7, 2006
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Final Public Hearing on the Millage Rates and Budget for the 2006-2007 Fiscal Year (FY) (Business Division)
Added Attachments
  1. Adopt the Final 2006-2007 Millage rates as presented.
  2. Adopt the FY 2006-2007 Budget as presented.
  3. Approve the Resolution adopting the Final Millage Rates and Budget.
  4. Approve the Policies and Procedures for Lottery Funds.
  5. Authorize staff to perform all tasks to ensure compliance with F. S. 200.065 (TRIM).

EXECUTIVE SUMMARY

On July 25, 2006, the First Public Hearing was held to discuss and adopt the FY 2006-2007 proposed millage rates and tentative budget, as advertised in the Tampa Tribune on Saturday, July 22, 2006. In accordance with the Truth in Millage (TRIM) requirements, the Board must hold a final public hearing 65-80 days after the Property Appraiser certifies the tax roll to allow for any public discussion. The proposed millage rate for 2006-2007 is 7.8230 mills, the maximum rate allowed by law.

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

This action is required to comply with the Truth in Millage (TRIM) requirements of Section 200.065, Florida Statutes.

FINANCIAL IMPACT (Budgeted: Yes)

The Final 2006-2007 Millage Rates and Budget will be established.

EVALUATION

SUBMITTED BY:



Gretchen Saunders
Chief Business Officer
(813) 272-4270
C 1R
Hillsborough County Public Schools (Florida) * Mtg.#20060907_183 * Section C Item# 1R