Financial Implications: How a 1/2 Penny Adds Up to Great Schools for Duval

Duval County Public Schools has engaged with financial advisors from PFM LLC to forecast revenue projections and debt service costs of a half-cent sales tax to fund the school district’s master facility plan. PFM is a company that also advises the city.


The School Board has discussed bonding (borrowing) $500 million to jump start the highest priorities in the facility plan in each of the seven district board member regions, from Mandarin to the Northside and from the beach to Baldwin.


PFM analyzed the debt service expectations and the 15-year revenue expectations and presented this information to the School Board on June 19, 2019. 


Using estimates from the 2018 Local Government Financial Information Handbook, PFM demonstrated that the proposed tax would generate more than $1.7 billion in revenue. In addition to the sales tax revenue, the district would have significant savings from the elimination of maintenance backlog costs. These savings may also be used to fund the plan.


The details of the financial plan are in this report.

Duval County Public Schools

Tel: 904-390-2000         1701 Prudential Drive

                                      Jacksonville, FL 32207

Duval County Public Schools is an equal opportunity school district. 

Duval Schools has policies and procedures in place to protect its employees, students and anyone associated with the District from discrimination, harassment, sexual harassment or retaliation. It prohibits discrimination based upon race, color, gender, age, religion, marital status, disability, sexual orientation, gender identity, political or religious beliefs, national or ethnic origin, pregnancy, genetic information or veteran status.

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