Pasco School Board to take final look at 2013-14 budget
Pasco County School Board members will consider a budget that's about $29 million more on the bottom line than the amount the board approved when it gave its tentative approval in July.
That doesn't mean the district will have extra funds to spread around, though, chief finance officer Olga Swinson told the Gradebook.
"It's not really new money," Swinson saide. "It's carry forward balances."
And more than half of it is already pledged to projects underway. The district had expected to pay many of the bills in the past fiscal year, but when it did not, it moved the expense and the funding to the new budget, for transparency.
Swinson said she did increase the projected revenue for the district's impact fees and sales tax collections by about $3 million, based on better than expected results from the past year. She also included a $1 million increase in the general fund balance.
Not in the mix are any new money for higher than projected student counts. The district has seen its enrollment rise by more than 500 students.
"It's not a sure number yet," Swinson said, noting that an official tally won't be conducted until October. If the numbers stay up and that generates more state funding, "We would take it to the board as a budget amendment."
As it stands, the district's overall budget is listed as $1.079 billion, up 5.11 percent, with a property tax rate of $7.357 per $1,000 of assessed value. The owner of a $125,000 home with a homestead exemption would see a tax bill increase of $1.60.
The School Board, which has cut some positions but also offered raises in the budget, will have a public hearing at 6 p.m. Tuesday before voting on the document.