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Okaloosa board hears explanation of required local effort, millage and budget advertising
Summary
District staff explained why the preliminary budget may be advertised as a millage increase despite a decline in the required local effort, citing rising property values and state calculation procedures.
School district finance staff and board members discussed the preliminary and tentative budget and the required local effort (RLE) and millage during the June 23 workshop.
Miss Perry explained the required local effort is a state'provided figure calculated under the Florida Education Finance Program and that the district expects the RLE figure from the state around July 19. She and others noted a common public confusion: because property values have risen, a…
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