2026-2027 Tentative Budget and Millage Rates Public Hearing 5:01 p.m. 7/27/26

The School District of Indian River County held a public hearing on July 27, 2026, to discuss and adopt the tentative millage rates and budget for the 2026-2027 fiscal year. The board reviewed the proposed millage rate of 5.6740 mills, which represents a slight decrease from the previous year but results in a 1.64% revenue increase due to higher property values. The total tentative budget adopted was approximately $436.2 million, covering general operating, debt service, capital outlay, special revenue, internal service, and enterprise funds. Key budget highlights included a 3.7% overall increase, a mandated $1.1 million teacher salary increase funded through the FEFP, and a $5 million rollover of capital projects from the prior year. The board also discussed the alignment of the budget with the district's strategic plan and noted challenges in clearly articulating this linkage in the tentative budget document. The board unanimously approved resolutions adopting the tentative millage rates and budget and scheduled a final public hearing for September 8, 2026. Public comments included clarification on the state-mandated teacher salary increases and the distribution of funds to charter schools.