School Board Approves Final Fiscal Year 2019 Budget, Millage Rate

Image of District logo with title: School Board Approves Final Fiscal Year 2019 Budget, Millage RateThe School Board voted unanimously Wednesday to approve the Fiscal Year 2019 final budget and millage rate for the 2018-2019 school year.

The FY 2019 budget is approximately $3.09 billion. Of the total budget, $1.89 billion is earmarked for the District’s general fund to pay for operational costs, including meeting the state mandate to add a police officer at every school, and $664 million is dedicated to the capital budget that funds construction projects, maintenance, technology and buses.

The budget includes $12.7 million for salary reserves, adds 55 school monitors at secondary schools with enrollment greater than 400, and includes additional overtime and services for security at certain high school athletic events.

The approved millage rate of 6.572 mills for FY 2019 is lower than the 6.769 mills assessed for FY 2018.

The FY 2019 budget includes money from the 2014 referendum that funds arts, physical education, music and Choice and Career academy teachers. The proposed referendum that will appear on Palm Beach County ballots on November 6 is not included in the FY 2019 budget.

To read the Executive Summary of the final FY 2019 budget, click here. The video of the budget presentation at Wednesday’s meeting is available below.