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Education news and notes from Tampa Bay and Florida

Proposed Pinellas budget includes tiny hike in tax rates

22

July

The Pinellas school district's proposed 2011-12 budget - which the school board will take an initial vote on Tuesday - is up on the district's web site.

The district is proposing a $1.25 billion budget, down from $1.35 billion last year. The proposed new property tax rate is $8.39 for every $1,000 of taxable property value, up just a tad from last year's rate of $8.34.

The result: The owner of a home with a taxable value of $100,000 and a homestead exemption would pay $3.88 more. The owner of a home with a taxable value of $200,000 and a homestead exemption would pay $7.88 more. With property values down, the slightly higher rate will generate $20.8 million less in revenue.

The first of two budget hearings is set for Tuesday at 7 p.m.

The district is still wrestling with how to cut $55 million from next year's budget. Most of the cuts have been approved, but a district proposal to raise health insurance costs and mandate furloughs has yet to be bargained with the unions.

 

[Last modified: Friday, July 22, 2011 11:57am]

    

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