Presentation of the Budget for Fiscal Year 2018/2019 – County Administrator Jack Brown
Jack Brown – Mister Chairman, Commissioners, this is the second of two required Public Hearings for the Board to adopt the Fiscal Year 2018/2019 Budget.
At its first Public Hearing held September 10, 2018, the Board of County Commissioners (BCC) adopted the Tentative Millage Rates and Budget for Fiscal Year 2018/2019. The law requires that prior to consideration of the Final Budget, an explanation of the “Rolled Back Rate” be provided and entered into the records. The “Rolled Back Rate” is a computed millage rate that would generate the same amount of ad valorem tax dollars as the prior Fiscal Year, based on the proposed year’s tax roll, excluding new construction.
The millage rates tentatively approved by the Board on September 10, 2018, are 6.6165 for the County-wide millage rate, .3590 for the Library Municipal Services Taxing Unit (MSTU), and .6850 for the Sheriff’s Law Enforcement Municipal Services Taxing Unit (MSTU). The aggregate of these millage rates proposed for Fiscal Year 2018/2019 is 3.17% above the “Rolled Back Rate” certified by the Property Appraiser. This represents the percentage increase in property taxes tentatively adopted by the Board.
Staff has recommended one amendment to the Fiscal Year 2018/2019 Tentative Budget. This amendment for an increase of $2,219,416 is for recommended adjustments to the Tentative Budget.
The revised budget will result in a balanced unified budget for Fiscal Year 2018/2019 of $477,164,386, which is 4.68% more than the adopted Fiscal Year 2017/2018 Budget of $455,840,072.