Newspaper article The Florida Times Union

Board Cuts Tax Rate 5 Percent

Newspaper article The Florida Times Union

Board Cuts Tax Rate 5 Percent

Article excerpt

The Duval County School Board adopted its 1999-2000 school budget and approved a tax rate 5 percent lower than it was last year.

Last night, the board held a second hearing regarding the budget for the new fiscal year, which began in July. No one from the audience spoke during the hearing.

The budget is about $1.19 billon, an increase of about 4.6 percent from the previous year. The tax rate for the new fiscal year is $9.36 per $1,000 of assessed property value.

A homeowner with property value at $75,000, who takes the homestead exemption, would save $24.50 if the assessment stays the same.

The reduction was directed by the Legislature, which sets the largest portion of the tax rate. Other portions of the tax, which are controlled by the School Board, are set at the maximum allowable levels.

Board member Gwen Gibson questioned whether the budget was based on current or projected student enrollment.

Stephen Bright, budget director for the school system, said the budget was based on a projected enrollment of 125,400. …

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