Commission Meeting Agenda Item

A proposed millage rate for Fiscal Year 2021—2022 must be submitted to the property appraiser by Monday, August 2, 2021, along with the date, time, and place of the tentative millage and budget hearings. The proposed tentative millage rate approved today can be increased or decreased on September 8, 2021; however, on September 20^th   at the final public hearing, the tentative millage rate can be decreased but not increased. The current year rolled-back rate is 3.2896 mills. The proposed budget is based on 3.3962 mills, which is an increase of 3.24% from the rolled-back rate. Any millage rates up to 3.4353 would require three affirmative votes of the Town Commission. A rate of 3.7788 mills would require a two-thirds vote or four affirmative votes of the Town. 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 14, 2021, and September 28, 2021. The Lake County School Board met on July 26, 2021, and is scheduled to meet again on September 13, 2021. These hearings cannot start before 5 p.m.