Bay District Schools Approves 2018-2019 Final Budget

News

For several months Bay District Schools has worked on the budget for the 2018, 2019 school year.
Monday, the board approved the millage and final budget with a public hearing but no one showed up.

“The millage rate is equal to the rollback rate which means there’s no increase in property taxes,” said executive director of business support services Jim Loyd.

That’s good news for property owners as the Bay District school board approves the 2018-2019 millage rate of 6.122, a reduction of .219 from last year and the 6th lowest in the state.

“If your property value went up more than the millage rate could offset then you could have a property tax increase and if your property went down you would obviously see a decrease,” said Loyd.

The board approved a budget of about $385 million for the school year, about a $9 million increase from last year.

“The problem we have is the money that comes to us comes with strings,” said school board chair Ginger Littleton.

The strings are strict categories the state requires districts to use when budgeting. For example, the state moving money from teacher salaries to safety initiatives. The state’s money is still not enough for the school security measures the district hopes to accomplish, that’s why are using a $5 million loan.

“We knew we couldn’t wait to accumulate and then spend so we borrowed the money and we’ve been cranking all summer long and continues into the fall to try to make sure that basically when you go to a school you go to a central location and are approved to be on that school,” said Littleton.

The teachers union has yet to negotiate teachers salaries with the district. 

To view the full budget visit: http://www.bay.k12.fl.us/budget

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