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Hillsborough board approves budget amendments after state reduces district allocation by $18.3 million
Summary
The Hillsborough County School Board on Aug. 22 approved budget amendments after Jamie Lewis, the district's chief financial officer, said the state's third funding calculation reduced the district's March allocation by $18,300,000.
The Hillsborough County School Board on Aug. 22 approved budget amendments after Jamie Lewis, the district's chief financial officer, said the state's third funding calculation reduced the district's March allocation by $18,300,000.
Lewis told the board that the $18.3 million reduction breaks down into several elements: about $9.3 million tied to changes in full-time-equivalent student counts; roughly $2 million related to how last year's FTE finalized; about $2.8 million due to a millage-compression adjustment; and a $4,103,273 proration assessed statewide by the Florida Department of Education. "Our portion of that was $4,100,000 and…
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