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CFO explains rollback rate, tax base growth and use of voted mill
Summary
Chief Financial Officer Michelle Thomas Ford explained taxable-value growth, rollback-rate calculations (rollback rate 6.0876), and that revenues from the voted 1 mill fund teacher recruitment, security and mental-health services.
Michelle Thomas Ford, the district chief financial officer, walked the board through ten-year millage history, taxable-value growth and the rollback-rate calculation used to compare the proposed millage to prior revenue levels. Ford said taxable value rose from $50,300,000,000 in 2025–26 to $52,100,000,000 in 2026–27 and that the calculated rollback rate is 6.0876; the proposed rate of 6.2450 is about 2.59% greater than that rollback rate.
Ford also explained the voted 1 mill (levied since FY2019–20 and renewed in November 2022 for four years) and described how the revenue from that mill is allocated: "The additional 1 mill... is used to recruit and retain qualified teachers, improve school security, improve mental health services, and fund other essential operations," she said. Ford noted that the 1 mill revenue is proportionately shared with charter schools as required by law.
