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School board adopts 2025-26 millage, $588.98 million budget and approves $32 million tax anticipation note
Summary
The Martin County School Board unanimously approved final millage and the 2025-26 budget, finalized budget amendments and authorized a tax anticipation note of up to $32 million to cover cash-flow timing until tax revenues arrive.
The Martin County School Board on a unanimous vote adopted final millage rates and the district’s 2025–26 budget and approved a tax anticipation note to bridge cash-flow until property tax revenue is received.
The board adopted a recommended millage rate of 5.177 mills — about 1.47% below the rollback rate — and approved a total budget of $588,981,339, according to presentations during a special TRIM hearing. Board members also approved final budget amendments for fiscal year 2024–25 and the superintendent’s required financial submissions to the Florida Department of Education.
Carter Morrison, finance staff, presented the documents and explained the changes that reduced capital spending by roughly $23 million while aiming to protect named projects in the…
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