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Administrator Baird reported the following comparisons to rollback: <br />• General Fund for 2012-2013 is 3.0733, and the proposal for 2013-2014 is 3.1685, <br />3.1% above rollback <br />• M.S.T.U. for 2012-2013 is 1.0687, and the proposal for 2013-2014 is 1.0733, 0.4% <br />above rollback <br />• ESD for 2012-2013 is 1.7063, and the proposal for 2013-2014 is 1.9799, 16.0% <br />above rollback <br />• Land Bonds 2004(a) for 2012-2013 is 0.3799, and the proposal for 2013-2014 is <br />0.3788, 0.3% decrease in millage <br />• Aggregate Millage for 2012-2013 is 5.0729, and the proposal for 2013-2014 is <br />5.3676, 5.8% above rollback <br />Administrator Baird compared the Indian River County General Fund millage of <br />surrounding and comparable Counties; highlighted the 2013-2014 County taxes and fees; and <br />pointed out that 74.2% of General Fund expenses go toward Constitutional Officers and <br />unfunded State Mandates. He also provided a comparison of the current and proposed millage <br />on a typical $200,000 house in Indian River Shores with a Homestead Exemption, which is <br />currently $520.37, and the proposed is $532.10, an $11.73 increase; and in the Unincorporated <br />area the current is $777.59, and the proposed is $829.09, an increase of $51.50. <br />Administrator Baird's General Fund budget overview revealed the following: The total <br />budget is $69,776,204, a decrease of $727,420, or 1.0%; the Florida Retirement System (FRS) <br />rate increased by $1,068,148; the Constitutional Officers requested an increase of $2,225,850 <br />and staff is recommending $1,081,278; the Ad Valorem taxroll increased 1.4%, which provided <br />$470,000 additional revenue; State Mandates/Constitutional Officers make up about 74.2% of <br />the total budget; Fund Reserves phase-out usage over two years is recommended at $900,000 in <br />2013-2014; and the recommended millage rate is 3.1685, up 2.57%. <br />6 X1144 PG 126 <br />July 17, 2013 3 <br />