November 2, 2010: It's Your Decision!
Voters will decide on Nov. 2, 2010 if they want to raise property tax rates by one mill.
The additional revenue will be used to preserve academic programs, retain highly qualified teachers, and to protect arts, athletics and student programs.
The one mill will generate approximately $85 million a year for four years, beginning with the 2011-12 operating budget. The money would be used to replace other federal and state funding that will be lost at the end of this school year. It is not "new" money.
Why Are We Asking?
The state of Florida is facing a multi-billion dollar shortfall in state revenues for the 2011-12 fiscal year.
In 2011-12, OCPS is projected to have a shortfall of $95 million, or the equivalent of 1,600 teaching positions.
A one mill increase will cost the owner of a $150,000 home $10.42 per month.
A one mill increase will cost the owner of a $1 million valued commercial property $83.33 per month.
Orange County Public Schools spends $177.5 million per year to pay for mandates from the federal and state governments. These are mandates that are not funded or that are under-funded. If a new source of revenue is not found, our budget dollars will be used to pay for mandates at the expense of many other programs and staff members who directly help students.
Florida has the second-lowest administrative costs per student, according to the 2010 U.S. Census report. Orange County Public Schools has the third-lowest administrative costs per student in the state of Florida.
If approved by voters, the school board will have the authority to levy the millage for four years through June 30, 2015.