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District outlines method, estimates for sharing surtax revenue with charter schools
Summary
Marion County budget staff briefed the oversight committee on how sales-tax revenue is allocated to charter schools under Florida statute 212.055(6), presenting an estimated total countywide sales-tax revenue and the provisional allocation for charter schools based on 2024-25 FTE counts.
Kayla Johnson, the district budget director, told the surtax oversight committee that Florida Statute 212.055(6) requires surtax revenue sharing with charter schools on a proportional basis tied to full-time-equivalent (FTE) student counts.
For fiscal year 2025-26, Johnson said the district estimated roughly $39,600,000 in sales-tax revenue and used the second FTE count from 2024-25 to produce an interim allocation. "That gives us a factor of…
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