After considering four options, members of the Gainesville school board approved a tentative tax rate of 6.85 mills — the same tax rate that funded the district last year — because of concerns about dipping too much into the school system’s fund balance.
Since the tax rate will result in a tax increase for some taxpayers because of higher reassessments, three public hearings are required before the board has a final vote next month.
Gainesville school board decides not to roll back tax rate
As overall property values increase, maintaining the same tax rate brings in more revenue