Commission Meeting Agenda Item
To Discuss the Tentative Millage Rate and Set Proposed Dates, Times and Place for the First Public Hearing for the Tentative Millage Rate and Budget, and Set Proposed Dates, Times and Place for the Second Public Hearing for the Final Millage Rate and Budget
Staff Recommended Motion
Set the tentative millage rate at 3.3962 mills for fiscal year 2019—2020. Set the date, time and place of the first public hearing for the tentative millage rate on Wednesday, September 4, 2019, at 6 p.m. in the Town Hall Commission Chambers. Set the date, time and place for the second public hearing for adopting the final millage rate and budget on Wednesday, September 18, 2019, at 6 p.m. in the Town Hall Commission Chambers.
A proposed millage rate for fiscal year 2019—2020 must be submitted to the property appraiser by Friday, August 2, 2019, along with the date, time and place of the tentative millage and budget hearing. The tentative millage rate can be decreased but not increased at the final public hearing. The current year’s rolled-back rate is 3.1909 mills. The proposed budget is based on 3.3962 mills, which is an increase of six percent from the rolled-back rate. Any millage rates up to 3.4088 would require three affirmative votes of the Town Commission. Any rate above 3.4088 to 3.7497 mills would require a two-thirds vote or four affirmative votes of the Town Commission. Any millage above 3.7497 would require a unanimous vote. These votes are based on the total membership of the Town Commission, rather than the membership present at the meeting. The Town’s two public hearings cannot conflict with Lake County or Lake County School Board public hearings. The tentative dates for Lake County are September 10, 2019 and September 24, 2019.
Lake County School Board’s hearing dates are July 29, 2019 and September 9, 2019. These hearings cannot start before 5 p.m.
Budget Workshop held on July 8, 2019.