The Manatee County School District released a line item budget for the 2013-14 fiscal year Friday night in advance of a public hearing Thursday.
The $565 million budget, which is tentative, includes $10.3 million to build a state-mandated reserve of 3% for next year.
Rising home values will bring the district $5.5 million more in revenue from property taxes compared to last year, although the School Board previously approved a 0.22% reduction in the tax rate.
The millage rate will go down — from 7.59 mills to 7.57 mills, although homeowners will pay more in school property taxes due to a roughly 4% increase in property values.
The School Board will not vote to adopt the budget until Sept. 9.
Thursday’s public hearing will be held 1 p.m. Thursday at 215 Manatee Avenue West.
Contact Josh Siegel at [email protected].
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