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Education news and notes from Tampa Bay and Florida

Pinellas school board finalizes tiny dip in tax rate

14

September

As expected, the Pinellas County School Board unanimously approved an ever-so-slight decrease in property tax rates tonight to support a new $1.4 billion budget. The new rate is $8.34 for every $1,000 of taxable property value, down from last year's rate of $8.35.

It's expected to generate $505.2 million in revenue this year, down from $562.7 million that was generated last year.

The district cut $16.6 million to balance the budget, including $2.6 million from staff reductions and $2.3 million from shifting more health care costs to employees.

The new budget includes $35.9 million in federal stimulus money.

[Last modified: Tuesday, September 14, 2010 7:48pm]

    

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