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Board of County Commissioners Meeting Minutes - Final September 11, 2024 <br />5. AD VALOREM FUNDS <br />A. Ad Valorem Millage and Ad Valorem Budget <br />General Fund <br />24-0718 Proposed millage is 3.5475 and is 7.77% above rolled back rate of 3.2918. The <br />proposed budget is $145,834,204. <br />M.S.T.U. <br />Attachments: General Fund <br />County Administrator John Titkanich announced the General Fund proposed millage <br />rate is 3.5475, 7.77% above the rolled back rate of 3.2918. The proposed budget is <br />$145,834,204. <br />Chairman Adams opened the public hearing. There being no speakers, the Chairman <br />closed the hearing. <br />There were no proposed amendments to the budget. <br />A motion was made by Commissioner Earman, seconded by Vice Chairman <br />Flescher, to adopt the tentative millage rate of 3.5475, 7.77% above the rolled <br />back rate of 3.2918, for the General Fund. The motion carried by the following <br />vote: <br />Aye: 5 - Chairman Adams, Vice Chairman Flescher, Commissioner Earman, Commissioner <br />Moss, and Commissioner Loar <br />A motion was made by Commissioner Loar, seconded by Chairman Adams, to <br />adopt the tentative budget of $145,834,204 for the General Fund. The motion <br />carried by the following vote: <br />Aye: 5 - Chairman Adams, Vice Chairman Flescher, Commissioner Earman, Commissioner <br />Moss, and Commissioner Loar <br />24-0719 Proposed millage is 1.1506 and is 7.24% above rolled back rate of 1.0729. The <br />proposed budget is $54,368,135. <br />Attachments: MSTU <br />County Administrator John Titkanich stated the Municipal Service Taxing Unit <br />(MSTU) proposed millage rate is 1.1506 and is 7.24% above the rolled back rate of <br />1.0729. The MSTU proposed budget is $54,368,135. <br />Indian River County Florida Page 2 <br />