Voters will decide on Nov. 2, 2010 if they want to raise property tax rates by one mill.
The one mill will generate approximately $85 million a year for four years, beginning with the 2011-12 operating budget. The money would be used to replace other federal and state funding that will be lost at the end of this school year. It is not “new” money.
Why Are We Asking?
The state of Florida is facing a multi-billion dollar shortfall in state revenues for the 2011-12 fiscal year. In 2011-12, OCPS is projected to have a shortfall of $95 million, or the equivalent of 1,600 teaching positions.
The state of Florida is facing a multi-billion dollar shortfall in state revenues for the 2011-12 fiscal year. In 2011-12, OCPS is projected to have a shortfall of $95 million, or the equivalent of 1,600 teaching positions.
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