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4 SEP 2 11983 <br />Fund. <br />P� 752 <br />The Chairman opened the public hearing on the General <br />Commissioner Lyons asked that the rollback rate be <br />defined, and OMB Director. Barton explained the rollback rate <br />is that millage for the upcoming fiscal year that will <br />generate the same total dollars from that group of <br />individuals which comprised the whole taxable base last year <br />at their new values. New construction is excluded. <br />Administrator Wright stated that he would like to make <br />a statement about where we stand on the budget. He informed <br />those present that we are today in the major funds within <br />$60,000 of the expenditures that we appropriated for last <br />year, and despite what appears to be a large tax increase, <br />our actual expenditures are probably within 1/2 a percent or <br />even less than we budgeted last year. The difference, of <br />course, is that our large cash surplus is not there for the <br />next fiscal year, and the reason the taxes are up is to make <br />up our savings account. We lived on it last year, and now <br />it is gone. <br />Commissioner Scurlock felt another interesting point he <br />learned at the State Association of County Commissioners is <br />that in relation to the total per capita taxes for the <br />United States, we rank 48th. <br />OMB Director Barton reported that, as set out in the <br />quarter page ad, the Board adopted a tentative budget for <br />the General Fund which would increase its property tax levy <br />by 18.43% over the rolled back rate. The General Fund is <br />goods and services available to all properties within Indian <br />River County and the millage is spread over all parcels. <br />The proposed budget is $9,271,709 and to fund that would <br />require 2.72923 mills countywide, or $2.73 for each thousand <br />dollars of taxable value. <br />Chairman Bird commented that staff has been working on <br />0 <br />® M M <br />