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Thu July 31, 2014
Broward County Property Owners Will Pay More For Public Schools
Broward County property owners could pay a little more for public schools next year.
The county school board tentatively approved a $3 billion spending plan Tuesday.
The Broward County schools’ budget cuts tax rates slightly, but rising property values will mean larger tax bills for homeowners. The owner of a $225,000 home would pay $14 more per year, district officials said.
The school board is expected to take a final budget vote in September.
In November, Broward County voters will determine whether to allow the district to borrow $800 million.
District leaders want the money to renovate schools and spend $100 million on technology. Superintendent Robert Runcie will release a project wishlist in two weeks.
The district's money for building and other improvements was cut when the state legislature reduced property tax rates during the recession.
School officials estimate the bond would cost the average Broward County homeowner about $50 per year.