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Hillsborough County Public Schools, Florida
Tuesday, 07/28/2020
School Board Meeting
Title

E01 - First Public Hearing on the Millage Rates and Tentative Budget for the 2020/2021 Fiscal Year (Finance Division)

Description

On Tuesday July 7, 2020, the Board approved the advertisement template for the 2020/2021 fiscal year to include proposed millage rates and tentative budget to print Sunday, July 26, 2020, in the Tampa Bay Times. 

In accordance with the Truth in Millage (TRIM) requirements, the Board must hold a public hearing within five days of the advertisement to discuss the following items and allow for any public discussion. 

The proposed millage rate is 5.9670, the maximum rate allowed by law. 

Gap Analysis

School Districts follow guidelines for the TRIM compliance provided by the Florida Department of Revenue Property Tax Oversight and Florida Administrative Code. 

Previous Outcomes

The Board approved the previous fiscal years budget. 

Expected Outcomes

Upon approval, the Financial Services team will prepare and continue to update the annual estimated budget for fiscal year 2020/2021. 

Strategic Plan Goal

* Establish a strong foundation of financial stewardship

Recommendation

Approve the budget and proposed millage rates for the 2020/2021 fiscal year. 

Contact

Susan Garcia, General Manager, Budget, Cash Management, and Federal Finance, susan.garcia@hcps.net, (813) 272-4064

Financial Impact

Review Comments

Gretchen Saunders , Chief Financial Officer (813) 272-4270