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SEP X51993 <br />�oK 0 �E -55.1, <br />Chairman Bird read aloud the following procedure recommended <br />for the hearing: <br />Recommend adoption of following procedures for funds in agenda item 5: <br />A. Open Hearing <br />B. Announce Millage and percentage of increase in Millage over <br />Rolled Back Rate necessary to fund the Budget, if any, and Specific <br />Purposes for which Ad Valorem Tax Revenues are being increased <br />C. Receive comments from the Public <br />D. Consider any Proposed Amendments to Tentative Budget and <br />Calculate Revised Millage Rate (if revised) <br />E. Adopt Millage Rate Resolution <br />F. Adopt Budget Resolution <br />G. Announce %, if any, by which Recomputed Tentative Millage Rate <br />Exceeds the Rolled Back Rate <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously adopted <br />the recommended procedure to conduct hearings on Ad <br />Valorem Taxing Districts as set out above. <br />Chairman Bird noted that we had an extremely large crowd here <br />at last week's preliminary budget hearing and the Commission took <br />very seriously the many comments and concerns that were raised at <br />that meeting by the taxpayers of Indian River County. At the end <br />of that meeting, the Board directed the County Administrator and <br />his staff to go back through the budget and attempt to find <br />approximately $1.1 million in additional cuts. That has been <br />accomplished and staff is prepared tonight to give the Commission <br />some revised numbers on the budget. He announced that County <br />Administrator Jim Chandler will review the budgets and millage and <br />explain pertinent details. <br />Administrator Chandler stated that the overall total budget <br />proposed for next fiscal year is $140,357,242 which is an overall <br />decrease in the total budget of $2,456,150. That decrease is <br />basically centered in capital projects and the reductions of <br />$1,156,000 made after the preliminary budget hearing of September <br />7, 1993. He explained that the budgets that are funded by <br />property taxes are the first ones to be considered on the Agenda, <br />and the proposed aggregate millage rate under consideration this <br />4 <br />