9/10/1986 - Laserfiche WebLink

Home Browse Search

M The Chairman called the meeting to order, announced that the purpose of this meeting is to consider and adopt the Final Budget for fiscal year 1986-87, and explained to those present the procedure that would be followed during the hearings. He advised that the OMB Director will review all the various funds, taxing and otherwise, and we then will open the public hearing on all those items to get the public input. The Chairman requested that the OMB Director at this time review the taxing funds, which include the General Fund, Transportation Fund, General Purpose MSTU, Beach Acquisition G.O.Bonds, Vero Lakes Estates MSTU, •the Fire Districts, and the - various Street Lighting Districts and then review the budgets for the remaining funds. OMB Director Baird informed those present that to fulfill legal requirements, he will be stating the millage increase over-'. rollback millage. The first millage-quoted will be the aggregate millage, which is arrived at by adding all the ad valorem .taxes Levied by the governing body for countywide purposes plus the ad valorem taxes levied for all dependent districts divided by the total taxable value of the county. Rollback is the millage rate which is exclusive of ad valorem taxes on new construction and annexations. Director Baird announced that the aggregate millage is 6.36884, which is a 22.6% increase over the rollback millage. ,In discussion it was noted that the aggregate millage includes the General Fund, the MSTU, the various Fire Districts, actually all the taxing districts, and Commissioner Wodtke pointed out that the 22.6% is not applicable in every case; it depends which Fire District you are in, which Drainage District, etc. The Chairman concurred that there can be a significant difference according to where you live in the county. OMB Director Baird informed those present that the General Fund has a 20.9% increase over rollback; the proposed millage is 7 SEP 10 19ob BOOK 65 F-nUE 678