Commission Meeting Agenda Item

A proposed millage rate for fiscal year 2022-2023 was submitted to the property appraiser on Monday, August 1, 2022, 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 Wednesday, September 7, 2022, however on September 19^th   at the final public hearing, the tentative millage rate can be decreased but not increased. The current year rolled-back rate is 3.1044 mills. The proposed budget is based on 3.3962 mills, which is an increase of 9.40 % from the rolled-back rate. Any millage rates up to 3.3326 would require three affirmative votes of the Town Commission. A rate of 3.6659 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 13, 2022, and September 27, 2022. The Lake County School Board met on July 25, 2022 and is scheduled to meet again on September 12, 2022. These hearings cannot start before 5 p.m.