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Osceola School Board sets 5.306 mills, adopts $2.098 billion tentative budget after public hearing
Summary
After a public hearing on July 29, the School District of Osceola County board adopted a proposed total millage rate of 5.306 mills and approved a tentative fiscal 2025–26 budget of $2,098,464,591. The board also authorized staff to complete TRIM requirements. One board member voted against the millage resolution.
The School District of Osceola County on Tuesday set a proposed property tax rate of 5.306 mills and approved a tentative $2,098,464,591 budget for fiscal year 2025–26 after a public hearing at Gateway High School.
The board’s actions follow the required Truth in Millage (TRIM) process under section 200.065, Florida Statutes, and a staff presentation that explained the Florida Education Finance Program (FEFP), how mills are computed, and the effect on a sample homeowner. The millage the board adopted will generate revenue for general operating and capital outlay funds; staff said the proposed total rate of 5.306 mills is 1.02% higher than the rollback rate.
The proposed millage will help the district receive roughly $423,600,000 in state FEFP funding tied to required local effort and an additional $28,600,000 in compression funding if the district levies the full basic discretionary millage, according to the presentation by Chief Business and Finance Officer Sarah Graber. Graber also described how property taxes are…
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