Leon County Schools (LCS) will hold the first tentative public hearing for the 2019-20 budget on July 30th, 2019.
From a local perspective, the budget proposes to lower the millage rate from the 2018-19 level of 6.343 mills to 6.167 mills for 2019-20. However, LCS will receive increased property tax revenue due to an increase in property values.
LCS is required by state law to publicly notice a tax increase.
Documents released by LCS show that revenue from federal, state and local resources for 2019-20 are projected to increase by $15 million to $383.3 million. This is a 4.0% increase over the 2018-19 revenue of $368.3 million.
The LCS documents do not address student enrollment for 2019-2020. However, FDOE records show the number of students enrolled in Leon county schools decreased from 34,268 in 2017-18 to to 33,978 in 2018-19.
Of the $383.3 million in total revenue, federal sources will provide $52.6 million, state sources will provide $183.6 million, and local sources will provide $147.0 million.
Of the $147 million in local sources, $112 million will come from property taxes. This an increase of $2.7 million in property tax revenue over last year, despite the lower millage rate.
Property values in Leon county are projected to increase from $18 billion in 2019 to $19 billion in 2020.
The final vote on the budget and the millage rate will be on September 10th, 2019.