LIVE OAK — The Suwannee County School Board unanimously approved its tentative millage rate and budget for the 2019-20 school year at a short meeting last week.
During a public hearing July 29 that lasted fewer than five minutes, the board approved setting the millage rate at 6.156 mills by a 4-0 vote with Catherine Cason absent.
That rate is 1.52 percent higher than the rollback rate, or the tax rate that will provide the same amount of tax revenue as the previous year’s rate.
It is also a slight decrease from the current millage rate of 6.167 mills. That decrease comes from the Required Local Effort, which is set by the state, decreasing 0.011 mills to 3.908.
The board kept the Discretionary Operating Millage rate at 0.748 mills and the Capital Outlay rate at 1.5 mills.
“The millage rate is actually less than last year’s millage rate because of the taxable value is bringing in more,” Chief Financial Officer Vicki DePratter said in response to a question from board member Ronald White about the rollback rate.
The board then approved its tentative budget of $66.35 million by a 3-1 vote with White dissenting. That is a decrease from last year’s budget of $67.78 million.