The Sumter County School District's Financial Budget often revolves around key issues such as funding allocation, budget transparency, and resource prioritization. Parents and community members frequently inquire about how state and federal funding impacts local programs and how the district plans to address any financial shortfalls. Additionally, questions often arise regarding the process for budget approval and opportunities for public input, reflecting a desire for transparency in how taxpayer dollars are spent. Understanding these aspects helps stakeholders stay informed and engaged in the district's financial planning and educational opportunities.
The property appraiser determines your home’s taxable value. There are numerous tax exemptions, the most popular being the homestead exemption. By statute, only the first $25,000 of homestead exemption applies to school taxes.
“Every person who owns and resides on real property in Florida on January 1 and makes the property his or her permanent residence is eligible to receive a homestead exemption up to $50,000. The first $25,000 applies to all property taxes, including school district taxes. The additional exemption of up to $25,000 applies to the assessed value between $50,000 and $75,000 and only to non-school taxes.”
For more information, please visit Property Taxpayers Exemptions.
Yes. The Villages Charter School is a unique kind of school, statutorily defined as a Charter-in-the-Workplace (FS 1002.33.15), and is a public school of choice. This type of Charter school was created in statute to expand business partnerships, reduce crowding in traditional public schools, and offset initial construction costs. The Villages Charter School provides a quality education to help attract/retain employees of the many businesses in the Villages that provide services for the residents of the Villages.
Education funding has always combined local, state, and federal dollars. The state legislature is primarily responsible for ensuring that adequate education funding is provided and properly allocated. In 1973, the Florida Legislature enacted the Florida Education Finance Program (FEFP) as its method for funding public education in a manner that would "guarantee to each student in the Florida public education system the availability of programs and services appropriate to his or her educational needs which are substantially equal to those available to any similar student notwithstanding geographic differences and varying local economic factors." Although it has changed considerably over the years, Florida’s FEFP has consistently been deemed a national model for funding fairness and equity. Also, it’s important to note that the FEFP is only the centerpiece of the total funding for education. Funding for various programs and services – such as school construction, workforce development, and preschool programs – is provided in addition to the funds allocated through the FEFP, usually in the form of categorical revenues earmarked exclusively for those areas. For more information, please visit the Florida School Board Association.
The school tax revenue that is generated by the Sumter County tax base is divided into three parts:
Florida’s constitution, with some statutory additions, determines the funding sources for education in Florida. Most states use property taxes due to the relative stability of the property tax base.