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4. BUDGET OVERVIEW BY COUNTY ADMINISTRATOR JOSEPH A. BAIRD <br />Administrator Baird announced the Proposed Budget for the 2009/2010 Fiscal Year as <br />$302,670,415, a decrease of approximately $83,443,999 or 21% from the prior year. He <br />revealed the following savings in the new Budget: the elimination of forty-one (41) positions <br />for a savings of $2.3 million; a reduction of about $625,000 in fuel costs; health plan changes of <br />about $513,000; and a reduction in Capital spending. He conveyed that there would be a <br />reduction of $9,866,333 in the Ad Valorem taxes, an estimated 10% decrease. <br />5. AD VALOREM FUNDS <br />S.A. AD VALOREMMILLAGE AND AD VALOREM BUDGET <br />GENERAL FUND <br />Administrator Baird announced that the proposed millage is 3.0892, 9.4% below <br />rollback, and the proposed budget is $77,314,789, 11% less than the prior year. He reported that <br />there was a net decrease of about ten (10) positions. He emphasized staff's goal of trying to <br />maintain and not impact any of the services in the General Fund, noting that even with the <br />budget reductions, the new Brackett Library would open. <br />Chairman Davis opened the floor to public comments. There were no speakers and the <br />Chairman closed the public comment period. <br />ON MOTION by Commissioner Wheeler, SECONDED <br />by Commissioner Solari, the Board unanimously <br />approved the millage rate of 3.0892, and approved <br />Resolution 2009-142, establishing the tax millage rate to <br />be levied upon all real and personal taxable property in <br />Indian River County, Florida, for Fiscal Year 2009/2010 <br />for the General Fund. <br />2 <br />September 16, 2009 <br />MG/Final Budget <br />