MANATEE — The Manatee school board Thursday will consider a new millage rate that is designed to bring in more money to the school district.
The board will consider the millage rate, without having seen a copy of the budget which is still in draft, according to school officials.
According to the school district’s “notice of proposed tax increase,” which the state requires, the district is asking for a 2.16 percent increase to this year’s tax levy.
Michael Boyer, the finance director for the school district, said that the proposal includes a 0.017 reduction in the millage rate, but because the new millage rate will bring in more revenues it is considered to be a tax increase.
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The school district has proposed setting the millage rate at 7.572, down from 7.589 last year. At the same time the district expects to bring in $196 million from the proposed tax revenue, a 2.16 percent increase, according to the district’s notice of proposed tax increase.
The school board will discuss the millage rate during a special meeting at 5:45 p.m. Thursday. Because it is a special meeting the school board will be able to vote on setting the millage rate Thursday, even before Monday’s public hearing, according to Mike Barber, a spokesman for the school district.
The tax rate includes 1.5 mills for capital projects. The capital outlay tax, which is designed for construction and long term projects, which includes motor vehicle purchases, maintenance and upgrades to roofs and air conditioning and heating units, loan payments and insurance premiums, according to documents provided by the district.
The school board will hold a public hearing on the millage rate at 5:45 p.m. Monday