001Good evening. I declare this meeting as a public hearing of the school board of Lake County, Florida for the adoption of the tentative mill rates and the tentative budget for the 202526 fiscal year. Deputy Superintendent, please read the statement required on the millillage for the record followed by your recommendation. >> The first issue to be discussed is the roll back rate. The roll back rate is defined as the millage rate necessary to generate the same amount of money that was raised the prior school year but using the new property values after adjusting for new construction. The total millage rate to be levied is greater than the roll back rate by 4.7 4.57%. The purpose for which the Avalorum tax revenues are increasing are due to increase in the required local effort millage revenues in order
002to comply with statute 101.624 Florida statute and participate in the Florida educational finance program. Increase in the nonvoted millage revenues in order to receive the state compression funds. Increase in the voted approved millage revenues to address the additional security requirements of the Marjgery Stallman Douglas Act. Increase in the voted approved millage revenues to provide additional student mental health and behavior support schools. Increase in the capital outlay revenues in order to address the capital outlay and debt service needs as advertised. I recommend that the board adopt resolution 2025-05 determining tenative millages to be levied for the fiscal year 202526. >> So moved >> not there yet. >> Get a minute. >> Included are required local effort including prior period funding adjustment millage of 3.0870 0870 MS basic discretionary of capital outlay millage of basic discretionary of
0030.748 mills capital outlay millage of 1.5 mills and additional voted millage of.750 mills for a total of 6.0850 mills. The revenues generated by this levy total general operating of 181,642,829 [Music] capital outlay of 71,46,739 additional voted 35,523,370 for a total of 288,212,938. May I have a motion on the deputy superintendent's recommendation that the port the board approve resolution 2025-05 determining tentative millage rates for the fiscal year 2526 as stated? >> So moved again. >> Second. Got a motion by Mr. Matias, second by Mr. Dodd. Um this is a public hearing. Does anyone wish to address the board concerning the tentative militates? >> Seeing none, any board discussion? >> All those in favor? I passes 40. Um, deputy superintendent, please read your recommendation for the adoption of the tentative budget. >> I recommend that the board
004approve resolution 2025-06 adopting the tenative budget for the fiscal year in the amount of 1 billion212,753,84. May I have a motion on the deputy superintendent's recommendation that the board approve resolution 2025-06 to adopt the tentative budget for the 202526 fiscal year in the amount of 1 bill212 million753,84 moved >> second. >> Got a motion by Mr. Matthi second by Mrs. Cunningham. Again, this is a public hearing. Does anyone wish to address the board concerning the tentative budget? Seeing none, any discussion? All those in favor? I also passes 40. Uh, deputy superintendent, please read your recommendation for setting the final budget hearing. I recommend that the board declare that the final budget hearing for approval of final millage rates and budget for the 202526 fiscal year will be held on Monday, September 8th, 2025 in the
005commission chambers Lake County Administration building at 5:05 p.m. May I have a motion on the deputy superintendent's recommendation that the board declare that the final budget hearing for the approval of the final mill rates and budget for the 202526 fiscal year will be held on Monday, September 8th, 2025 in the commission chambers Lake County Administration building at 5:05 p.m. >> So moved. >> Second. >> We've got a motion by Mr. Dodd, second by Mr. Matias. Um, this is also a public hearing. Does anyone wish to address the board concerning the time and place of the final budget hearing? Seeing none, any discussion? All those in favor? >> I passes 40. This concludes the required action for the public hearing on the 202526 tentative mill rates and budget for Lake County schools. Thank you very much.