Proposed Pinellas budget includes tiny hike in tax rates
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.