Title:  RESOLUTION REGARDING PROPERTY TAX

Requested Action:
THAT THE DUVAL COUNTY SCHOOL BOARD APPROVE A RESOLUTION OPPOSING THE PROPERTY TAX REFORM AMENDMENT (AMENDMENT 1)

Summary Explanation and Background:

On January 29, 2008, Floridians will be asked to vote on a tax reform amendment to the State Constitution that will severely impact Duval County Public Schools.

The five-year impact to school districts is estimated to be $2.75 billion statewide.  The Duval County Public School district is projected to lose $74 million over five years based on the state's calculation.

Equivalent comparisons for the District's Operating and Capital budgets include:

OPERATING:

2009 - $4.5 million equivalent to $36 per student for supplies

2013 - $16.9 million equivalent to DCPS textbooks allocation and Safe Schools ($4.3 million)

2009-2013 = $53.5 million (cumulative effect over 5 years) equivalent to DCPS textbooks allocation $12.4 million), Teacher Lead ($250 per teacher or $2.2 million), Reading Enrichment Program ($5 million), Supplemental Academic Instruction ($33.9 million)

CAPITAL:

2009 - $1.7 million equivalent to construction of 7 classrooms

2013 - $6.5 million equivalent to construction of 26 classrooms

2009-2013 = $20.5 million (cumulative effect over 5 years) equivalent to construction of 82 classrooms

New Century Commission Recommendation/OPPAGA Recommendation/Council of Great City Schools Recommendation:
N/A

Attachments (list):
RESOLUTIONOPPOSINGAMENDMENT.doc

Financial Impact (Including HR/headcount/Source of Funds):
If amendment is approved, it will result in a loss of funding for the District.

For Additional Information, contact:
Ms. Betty Burney, Chairman - 390-2375