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E <br />Analysis <br />The changes in taxable value for all four of Indian River County Board of County <br />Commissioners tax funds could mean a potential loss of $410,674 in revenue. Even if we <br />administratively increased the General Fund and Library G.O. Bonds, we would still have <br />a potential loss of $156,942 which we could not adjust. <br />Under Chapter 129 of the Florida Statutes we budget 95% of our revenue which helps offset <br />the four percent discount for early payment of taxes and for delinquent collections. Taking <br />into account that the variance is barely over one percent, our prior history of collections and <br />the current economic environment, staff feels we should not increase the millage in the <br />General Fund and Library G.O. Bond for the variance. <br />Recommendation <br />Staff recommends to the Board of County Commissioners the following: <br />1. We do not administratively increase the General Fund or Library G.O. <br />Bond millages. <br />2. Authorize the County Administrator to sign the Certification of Final <br />Taxable Value at the original millage rates that were approved by <br />resolution at the final Budget Hearing on September 15, 1993. <br />Commissioner Eggert explained that this is a requirement at <br />the conclusion of Value Adjustment Board hearings. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Macht, the Board unanimously approved <br />and authorized the County Administrator to execute <br />the Certification of Final Taxable Value for Fiscal <br />Year 1993/94 with no increase in the General Fund or <br />Library General Obligation Bond millages, as <br />recommended by staff. <br />RESOLUTION REQUESTING FINANCIAL ASSISTANCE FROM DEPARTMENT OF <br />ENVIRONMENTAL PROTECTION FOR DEVELOPMENT OF DONALD MACDONALD PARR <br />The Board reviewed memo from Public Works Director Jim Davis <br />dated September 7, 1993: <br />43 <br />OCT f 2 1993 BOOK 90 F'A E 16.0 <br />J <br />