9/9/1992 - Laserfiche WebLink

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rr__ -1 SEP 91992 sflox 87 PAPE 513 1992/93 MUNICIPAL SERVICE TAXING UNIT 1. Amount of millage reflected on TRIM notices is 1.4455 . 2. Our proposed millage is 1.4455 . 3. Our proposed millage of 1.4455 is 2.32916 less than the rolled - back millage of 1.4799. 4. The county proposed M.S.T.U. Budget is $12,977.869. Current year is $12,455,743. A $522,126 increase (4.2%). 5. HIGHLIGHTS: A. New Employees - Recreation Department - South County Park B. City of Vero Beach Recreation Funding increase of $250,025 (from $429,975 to $680,000). E. Salary Contingency - $17,535 Municipal service Taxing unit County Administrator Jim Chandler announced that the proposed MSTU budget for next fiscal year is $12,977,869, which contains a net increase of $522,126. However, this is deceiving because we have charged interfund transfers for the Transportation Fund and picked up more in the MSTU rather than the General Fund. The net operating expense within this -budget is a decrease of $20,560. The proposed millage rate is 1.4455, which is 2.32% below the rolled - back rate of 1.4799. Included within this fund is the only really notable change in the transfer items, which is for Vero Beach Recreation, and any funding that would be provided for Barber Street Sports Complex would be inserted within this budget. The Chairman opened the public hearing and asked if anyone wished to be heard in this matter. Michael Barg came before the Board and stated his property tax assessment has increased over the years to the present $796.78 for 9 acres of scrub land with an old building on it which is not worth $2,000. He described a situation in Newburg, New York, which was cited as "All American City," and the city fathers tried to make it a bigger and better city by heavy spending; ten years later Newburg turned into a slum city with most businesses closed up because of the taxation. He was concerned that Indian River County is following the same course. 12