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Outlook for the Future
In preparing the 2021-2022 fiscal year budget, the District considered many factors, including the following:
• District’s revenues are determined in large part by the Florida Legislature and the Governor. Funding per student is set as part of the State’s annual budget approval.
• Local school board taxing authority is also governed at the state level with the Legislature dictating the largest component of school property taxes, known as the Required Local Effort (RLE), and thorough statutory caps that limit the remaining components of the school levy.
• The uncertainty of the long-term impacts of the COVID-19 pandemic and the costs to the District to fulfill its mission of providing a World Class Education to all Pasco County students.
• The latest enrollment projections for the District indicate an increase of approximately 3,000 unweighted full-time students during the 2021-2022 school year.
• The District is experiencing a significant labor shortage.
• Federal and state funding sources available to defray costs of COVID-19 prevention and response are non-recurring funds.
• Housing prices are expected to increase the taxable assessed value for the 2021-2022 fiscal year.