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4. BUDGET OVERVIEW BY COUNTY ADMINISTRATOR, JOSEPH A. <br />County Administrator Joseph Baird revealed that this year's budget was very challenging <br />due to the current local and national economic environments. He presented an overview of the <br />fiscal year 2008/2009 Budget totaling $289,650,399, a decrease of approximately $175 million, <br />about 37% from the prior year. <br />Administrator Baird listed the reasons for the budget decrease which included a <br />reduction in ad valorem tax revenues by $5.2 million; a decrease in the tax roll by 5.6%; decreased <br />sales tax by 4.9%; decreased interest income; decreased state revenue sharing by 5.5%; the <br />elimination of 85 full-time positions which accounted for $4.7 million; and increased fuel costs by <br />about $170,000. He divulged that after the millage rate was set in July, a notice was received from <br />the State that they were reducing sales tax and state revenue sharing by $600,000. <br />Administrator Baird pointed out that the new County requirement for health insurance <br />had increased budget expenses by $2.7 million; Solid Waste fees were down 5% - 7%; all ad <br />valorem tax rates were at rollback; and there were no proposed rate increases. <br />5. AD VALOREM FUNDS <br />A. AD VALOREM MILLAGE AND AD VALOREM BUDGET <br />GENERAL FUND <br />Administrator Baird announced that the proposed budget for the General Fund is <br />$82,016,250, about $2.8 million less than the prior year. The proposed millage is 3.0689, which is <br />SEPTEMBER 10, 2008 2 <br />