Green Cove Springs, Florida
Agenda Item #1
Item Title
Review the Rolled-Back Rate Calculation and the 2013-14 Millages
Issue/Rationale
TRIM requires two public hearings for open discussion of millage rates and budgets of taxing authorities. The first substantive issue discussed by the governing body of taxing authority is the percentage increase or decrease in millage over the rolled back rate necessary to fund the budget, if any and the specific purposes for which as valorem tax revenues, are being increased or decreased. The general public is allowed to speak and ask questions prior to adoption of any measures by the governing body. The millage rate is adopted first and budget is adopted second. The total mill levy for fiscal year 2013-14 is 7.342 mills which is (5.28) percent less than the total roll back rate. The required local mill levy is 5.094 mills which is (3.44) percent less than the rolled back rate.
Recommended Action
N/A
Financial Impact
The District will generate a total of $64,794,051 from all mill levies.
Submitted By
Dr. George F. Copeland, Assistant Superintendent for Business Affairs
Attachment: Final Budget Attachment Rolled-Back Chart and Recap of Millage Levies.pdf