MIAMI (CBSMiami) – A new proposal, made by Superintendent Alberto Carvalho, if approved by the School Board, will have homeowners paying a lower rate of taxes to the Miami-Dade school district than last year.

The announcement, made Wednesday, came after the Miami-Dade Tax Appraiser notified the school district that county tax rolls would be about four percent higher this year. The increase was confirmed Tuesday by the state’s Commissioner of Education.

READ MORE: Man Sought In NW Miami-Dade Machete Attack

State economists had previously estimated a 1.9 percent increase in tax rolls. The difference would allow the School Board to reduce the Required Local Effort millage from 5.295 to 5.183, which would mean savings for taxpayers.

READ MORE: Pembroke Pines Police Officers Take Oath To 'Serve And Protect' To Next Level With Moving Gesture

Next school year’s budget will protect school spending, bilingual programs, the classroom, teachers and provides raises. The budget will also, according to the release, expand Exceptional Student Education support and parental choice options.

MORE NEWS: 2 Diners Injured In Partial Deck Collapse At Fort Lauderdale Waterfront Eatery

The budget is said to protect the economic viability of the school district, honoring the promise to voters of $5 of General Obligation Bond millage for ever $100,000.