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Schools tax rate falls slightly

The Hillsborough School Board passed a $1.8-billion budget Tuesday that slightly reduces the property tax rate for the next fiscal year.

The budget reduces the schools property tax rate from 9.07 to 8.71, meaning the owner of a $100,000 home who claims a homestead exemption of $25,000 would save about $27 this fiscal year.

The district expects to take in more revenue this year despite the lower tax rate because the number of property owners in the district has increased and property values have increased.

The district, the 12th largest in the nation, oversees 180 school sites.

In other matters, the board voted to reopen the bidding from soft drink vendors for a 10-year exclusive contract. The bidders, the school district said, submitted improper bids.

_ From staff and wire reports

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