1. District Advisory Council Budget Update September 1, 2009

2. Total Reductions to Date District Reductions$13,427,000 School Reductions $14,700,000 Dec 2008 Reserve Fund$4,400,000 Closing Underutilized Sites$2,350,000 DROP$800,000 GRAND TOTAL$35.67 million

3. Property Tax Millage Rates Millage Description200820092010Difference 09 and 10 Required Local Effort 4.7265.1465.2490.103 Operating Discretionary 0.5100.4980.7480.250 Critical Operating Needs 000.250 Supplemental Discretionary 0.2090.2020-0.202 Capital Outlay2.01.751.5 -0.250 Debt Service.477.2240 -0.224 Total Levy7.9227.8207.747 -0.073

4. Homeowners Impact $200,000 Home with $25,000 exemption would pay $13 less in annual school district property tax even with the.25 mill

5. Comparison of Property Tax Levy 200820092010Difference 2009 to 2010 Millage Rate 7.9227.827.747-0.073 Total Property Tax Levy at 100% $128,527,453 $132,632,241 $123,683,714 $ (8,948,527) The total levy for property taxes for fiscal year ending June 30, 2010 is $8.9 million less than for June 30, 2009. A 6.7% tax decrease.

6. Revenue Revenue collected from.25 mill - $3.8 million Plus $1.1 million in state matching funds TOTAL = $4.9 million

7. How it Works The Legislature has provided school districts with the authority to levy an additional.25 mills to compensate for reduced revenue at the state level. A super-majority vote of the school board (4 out of 5 in support) would provide for a.25 mill increase for one year Public Notice and Advertisement Saturday 7/25/09 Public Hearing Tuesday 7/28/09 Final Public Hearing 9/8/09

8. History of millage in Leon County YEARMILLAGE 1981-822.0 1982-831.995 1983-841.803 1984-851.743 1985-861.5 1986-871.5 1987-881.5 1988-891.5 1989-902.0 1991-20082.0 2008-091.75 2009-101.5.25 mills generates approximately $4 million