Pinellas County Schools 2020-2021 Approved Budget
The Pinellas County School Board reviewed the district's tentative annual budget at 6:30 p.m.on July 28, 2020 at the virtual First Public Hearing on Budget. The Second and final Public Hearing was held on September 8, 2020 at 6:30 p.m. in the Conference Hall at the School Administration Building.
The School Board was asked to approve a total property tax rate of 6.427 mills, which amounts to about $6.43 for each $1,000 of assessed property value. This rate is lower than the rate levied for the 2019-2020 fiscal year. The property tax rate also includes the local referendum, a one-half mill tax that Pinellas County taxpayers voted to renew in 2008, 2012, and 2016 all by large margins. For information about the local referendum, visit our special Referendum website.
General Operating Fund
A crucial portion of the budget, about 61 percent, is the Operating fund.This fund is the primary budget for the day-to-day operations of the school district. The main source of revenue for the nearly $992 million is the Florida Education Finance Program (FEFP), which gleans much of its state revenue from sales taxes and much of its local revenue from property taxes.
Capital Outlay funds are used for major construction, renovations and remodeling projects as well as certain types of major equipment purchases. Among other capital fund appropriations, the district is allocating $127 million for renovations and new classrooms. Please see the 2020-2021 Capital Outlay Plan.
District Strategic Plan
The 2020-2021 budget aligns with the District Strategic Plan.
Important Dates: July 28, 2020 - First Public Hearing on the 2020-2021 Budget and Millage Rates
September 8, 2020: Second Public Hearing on the 2020-2021 Budget and Millage Rates