FLORIDA DEPARTMENT OF EDUCATION
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STATE BOARD OF EDUCATION
JOHN L. WINN
Commissioner of Education
F. PHILIP HANDY,
Chairman
T. WILLARD FAIR,
Vice Chairman
Members
DONNA G. CALLAWAY
ROBERTO MARTÍNEZ
PHOEBE RAULERSON
KATHLEEN SHANAHAN
LINDA K. TAYLOR
CONTACT PERSON:
NAME:
Keith Neel
PHONE:
(850) 245-0405
SUNCOM:
205-0405
COEFO
-02
M E M O R A N D U M
DATE: July
2
7
, 2006
TO: District School Superintendents
FROM: Linda Champion
SUBJECT: 2006-07 Florida Education Finance Program Second Calculation
Attached is the second calculation of the 2006-07 Florida Education Finance Program (FEFP).
This calculation has been prepared following the receipt of the Department of Revenue certified
tax roll on July 11, 2006. Required Local Effort millage rates were recalculated and certified by
the Commissioner in a memo to all districts dated July 14, 2006. The information attached to the
Commissioner’s memo is derived from this calculation.
This calculation differs from the Conference Report (First Calculation) due to revisions to the tax
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roll and levels of assessment.
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In comparing the second calculation with the first calculation, please note the following:
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1.
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The 2006 tax roll increased by $80,627,999,102 from the estimate.
2.
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This increase in the tax roll caused the statewide average millage rate to decrease from
5.239 to 5.010.
LINDA CHAMPION
DEPUTY COMMISSIONER,
325 W. GAINES STREET • SUITE 1214 • TALLAHASSEE, FL 32399-0400 • (850) 245-0406 • www.fldoe.org
Suncom 205-0406 • FAX (850) 245-9099
District School Superintendents
July
2
7
, 2006
Page 2
3.
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Total Required Local Effort increased by $370,174.
4.
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Potential basic discretionary revenue (potential 0.510 mills) increased by $39,064,262
due to the tax roll increase.
5.
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Potential supplemental discretionary revenue (maximum potential 0.250 mills) increased
by $6,076,797 as a result of tax roll increases in several districts. The supplemental
discretionary millage rates have been recalculated using the certified tax roll.
6.
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The Discretionary Tax Equalization state funds decreased by $6,122,758 as a
corresponding offset to the potential supplemental discretionary revenue increase
indicated in item 5. Please remember that in order to be eligible for the Discretionary
Tax Equalization state funds, the 0.510 mills (item 4), as well as the 0.250 mills (item 5),
must be levied. Please refer to each district’s 2006-07 total potential nonvoted millage.
7.
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The Net State FEFP funds decreased by $2,475,164 as a result of an increase in the
Required Local Effort and a decrease in Discretionary Tax Equalization. This was
partially offset by an increase in the Discretionary Millage Compression Contribution.
Electronic funds transfers from the Net State FEFP allocation will begin on July 26, 2006.
Attachment
