General fund and transportation trust fund millage rates
What the county recorded
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It is a stretch of the recording that this archive identified as a separate matter — a call to order, a recess, or something taken up that the agenda does not list. There is no official title, no staff recommendation and no disposition, because the county never recorded one. Everything below is inferred.
The source document
The county’s agenda for Board of County Commissioners, Sep 3, 2024
The published PDF, as served by the county. This item is one entry in it.
The county’s agenda for Board of County Commissioners, Sep 3, 2024
The published PDF, as served by the county. This item is one entry in it.
The county’s minutes for Board of County Commissioners, Sep 3, 2024
The published PDF, as served by the county. This item is one entry in it.
The county’s minutes for Board of County Commissioners, Sep 3, 2024
The published PDF, as served by the county. This item is one entry in it.
What was said
Machine transcription of 37m of recording, with speaker names inferred from voice matching. 63% of 200 lines carry a name. It shows what was said, not what was decided, and both the words and the names can be wrong.
is the recommended millage millage rate. First issue to be discussed would be the recommended millage rate and the uh percentage of changes from the rollback rate. Ms. Burrell.
All right. Um before we dig into this, did we want to look at the PowerPoint presentation or do we want to just move straight to voting? I'm okay either way.
PowerPoint. PowerPoint? Okay. PowerPoint.
Alright. So here's a quick agenda for tonight. We're going to talk through the purpose of our public hearing, a reminder on what our strategic goals and priorities were going into this budget cycle, our budget assumptions that are underlaying our tentative budget, what the overall tentative budget looks like, our taxable assessed values, the way in which our general fund is allocated, what our capital budget looks like, and then the next steps in this process. So, as a friendly reminder, Florida statute requires that we hold two public hearings. The first one is
tonight, and then the second one will be later in September in two weeks. And through this process, we will adopt tentative millage rates and then the budget by way of resolution. And as a reminder, what's presented in front of you is based off of what you all adopted in July during Trim. And so you'll see those millage rates and then the associated. associated tentative budget. All right, so our strategic goals laid out for us back in January: small business initiatives and process streamlining pedestrian safety, maintaining
our reserve limits across all of our major funds, especially our general fund, and establishing two new municipal services taxing units, one for parks capital maintenance and one for roads rehabilitation services.
So again our budget assumptions in this tentative budget as it's presented to you right now is assuming no change in the operating millage, no change in our fire MSTU millage, no change in the stormwater assessment. We're in the fourth year of our water and wastewater rates. And we are entering into year six of our seven for seven plan for our solid waste and then again as we just mentioned the establishment of the two new MSTUs. Alright, so our overall budget for fiscal
year 25 as it exists right now is $2.26 billion. $1.25 of that is operating, $400 million is capital, about $46 million for debt service, and then $554 million in reserves across all almost 200 funds.
Alright. So here's our here's the breakdown via pie chart. So as you can see the better chunk is our day-to-day keeping our lights on operations. Smaller chunk there for capital, little sliver for debt service, and then a slightly bigger pie for our rainy day reserves.
Alright, so here's the breakdown of our budget via type of revenue. Um so the revenue side of that reserve is that fund balance, that first biggest pie, uh the next Sliver that you see on the bottom is our ad valorem taxes. So that includes our general fund taxes, our fire MSTUs, two new MSTUs, the permits fees and special assessments. So that's like fire inspection fees, our building permit fees, charges for service, that could
be things like our utilities and our solid waste.
And then what does our budget look like from the expenditure side of the house? So you'll see our physical environment, which again is a lot of our utilities and solid waste, and then our public safety are big components of that. Up at the top are reserves, so that's the expense side of that fund balance. General government, those are things like our other constitutional officers, my salary's in there. Mike's salary is in there.
Alright, so final taxable assessed value, so based off our final numbers on July 1st, it was a 14.1% increase in taxable or in revenue based off taxable assessed value increases. So that was 47.86 more in revenue. The 40% of that allocation to the sheriff was a little over 19 million. We saw an increase to our CRAs in just under a million, and our increase to our other TIFFs such as our villages of Pasadena Hills and our Trilli, roughly $1.3
million increase. And then that increase did generate roughly thirteen more million dollars for a FIRE MSTU fund.
Alright, so general fund big picture. So when we look at our general fund, 90% of our fund expenditures are towards keeping the lights on and handling inflation. So what that means is that's basically 90% of our budget is making sure that we can provide the services tomorrow that our citizens have come to expect today. 4% is earmarked for what we've been calling requirements. So these these are things like expanding the jail, setting up the D shift for fire rescue. Also
on that list would be wage increases for our Corrections officers for our firefighters and then our paid comping class study for the rest of our employees. Five percent is towards capital infrastructure investments and about one percent is for what we call business plan initiatives or enhancements. So those could be increasing levels of service or adding additional bodies to maintain levels of service.
Alright, so just another way to look at that 90% piece of our pie keeping the lights on. About fifty-two percent of that goes to public safety. So that includes the sheriff, that includes corrections, fire rescue, and then the administrative staff supporting our public safety branch. 20% goes towards general government. So again, that's going to be our other constitutional officers like the clerk. And then we're going to do it. Of course you guys gotta pay for me, sorry. Uh six percent is for culture and recreation. And
then her fund balance up there at 18%.
Alright, so
Back here you'll see that 5% capital, that's gonna equate to roughly $31.17 million. The requirements that was four percent of our budget, and then our enhancements, that one percent of our budget, that equates to three point two million.
Alright, so outside funding, so these are all funded via the general fund and then just a reminder that anything that is bold and italicized are mandates for us to pay the non-bolded, non-italicized are at the board's discretion.
M mandated by Mandated by whom?
Oh, state statute.
All right, so here's how the constitutional officer proposed budgets are sitting based off of everything that the board approved in July.
And then we've got um a breakout for the sheriff on the next slide.
Alright, so included in the sheriff's budget is forty additional deputies. The sheriff is funding twenty new additional additional deputies out of that his 40% increase and then the board is matching that with another 20. And then part of the board's one-time expenses are funding armored squat vehicles and vans, upgraded forensics unit, a pole barn, startup funding for gap insurance, design for an armory, and then a restroom remodel at the gun range. And that number is
a little bit different than the last time we spoke to you all. Um, working with the Sheriff's Office, we've come up with a $200,000. option for that.
Alright, and then just a reminder, we're looking at a $1.8 billion five-year capital plan. This does exclude general fund because we talked about that separately. But the board will only be adopting fiscal year twenty five. We'd just like to show you our five year plan.
And then this is a a more uh granular look at transportation engineering, but it's still like a fifty thousand foot view, so by program addressing capacity, major maintenance, pedestrian, safety intersection, and signals.
Alright, so these are the tentative millage rates that the board adopted in July as part of the trim process. And again, just a reminder that the budget in front of you is based off of these millage rates.
All right, so tonight is our first public hearing. The second public hearing will be September seventeenth at five fifteen in New Port Richey at the West Pasco Government Center. During the day I'll be presenting um a PowerPoint during the regular session and then we'll do the final public hearing.
And if there are no questions, then I think we're okay to go back to the script.
Any questions?
See him then. Okay.
So we're on page two or no.
No, Mr. Chair Mr. Chairman Mariano just so we have a discussion. Um Okay. We've got an agenda item we approved today to do a study uh for engineering with a company for the Hudson Library. Uh after we had a meeting today, I talked to Sean Garvey. When do you think it would get done? He thought it would take about a year to do the full design. Currently we have that $12 million in the budget. If we look at it to say that it's gonna be a year before we even have the design to actually go start to build it, I
think we can delay that a year and do an offset. Uh maybe leave the millage where it is in a sense 'cause we're going to need to come back with it, but maybe that lets us shrink the the road paving MSTU down to a a very significant number.
That that is a great idea. I like it. He said the toll million's already in the budget and you're sitting on it? The
12 million falls under the uh under the capital expenditures that Amy showed. Um so I think what the commissioner is proposing is a reduction in the paving MSTU millage and use that 12 million instead of funding Hudson Library, use it to fund road paving.
What does that take the MSTU on the road buildings down to?
We would have to calculate those numbers. I would need some guidance from the M.
So how much are you talking about taking away from the MSTU on the on the road pay?
Well you're at a twelve million dollar savings. You still probably want to keep some of the STU because you're still gonna pay off the easy. I would not
recommend a level lower than what it takes to retire your PVAS debt at a minimum. Uh we would need to go back and calculate that and come back with a a corresponding millage. It would be significant reduction. That's probably I know it's under ten million, that's probably six to eight million if we're talking around numbers.
Nice.
Yeah.
Okay.
What would that number be? Do we know that number or we don't know that number?
I don't know it tonight.
I can start working on it. How do we act on that tonight?
We have another hearing.
My my recommendation would be you hold the millage level and then we come to where it is and then we would come back to you with with the proposed number at the adoption based on this on this guidance. Okay. All right. Understand that.
But we would we would cut it to the what to the number you find at the next meeting.
Right. With my understanding then is is and I've seen that. I saw at least three or four head nods. Um
so we can still uh make a cut in that budget, Amy too. Um Till seventeenth, right?
Correct. Correct. Right. We just can't go up from what was set in July, but we can go down.
But You gotta realize in doing that, which that's okay. Um in doing that there will be some roads that will be moved out further than
No, no, we're just talking about retiring the PVASC debt. Right?
Just the debt of it?
The debt. The unpaid debt.
So the main thing is we've got an MSTU in place that we're looking at. instead of having that MSTU go in for the road paving, you take the twelve million from the Hudson Library and you offset it with that twelve million. Okay, you're not gonna be able to spend the money. until like October next year anyway. So why would we want to carry that for a bill right now and we don't have to pay it. It's just like tie to money for a whole year. This way we can use it to save money and the overall budget for the taxes that people have to pay.
Okay.
All right. Chair? Yes. No at all. What's the P of S debt? Six million? Eight million? Appro
uh Justin Grant tells me it's uh approximately six million dollars.
Why don't we just pull it out of reserves? It's a rainy day fund. Just cut it from there. One time expense, done.
Where are we on our mandated reserve? It's a
right, it's a right-of-way. I think those reserves, if I remember right, the reserves were a little bit less than than we normally would have it, I think.
So your current reserve I don't have the exact windows. Well the your current reserve levels right are are sitting uh slightly higher than what your your current reserve policy is. However, caveat that uh our recurring expenses do do exceed some of our recurring revenue, and namely in a lot of our public safety agreements that we have done to pay for D Shift and and other things. So we anticipate drawing down those reserves in the out years. In those correct.
decision.
Yeah. Chairman Mariano Mr. Well, when you say out years. What years? Two, three, four? What's your estimation? Fiscal year twenty eight. Twenty twenty eight? Yes. Twenty twenty eight folks.
We would we would be down to approximately fifty four days reserves at that point. So that would be below your sixty day reserve.
Oh, I got another question on the library, just thinking, Jack. Um if if you took away your capital money and spent it all this year, where are you gonna get it when you need it?
That's when you'd have to look at doing the MSTU and putting a number on it the next year. At least you delay it a year. Before you do it. And you might even decide not to do it at that point, but at least
What about this? What if we take six million from your capital money? Whatever amount it is to retire the PVAS debt. And then that lowers the P BASP but it leaves you some of the money so we don't have to go raising taxes next year to cover it. And we'll look for that other six million in many places.
I'm flexible how the staff wants to bring it back, but the main thing is there's a twelve million dollar savings. Um there's a twelve million dollar savings out there and Commissioner Weightman's idea is worthy of consideration as well.
So what we're asking is you bring it back to us and show us the best what's best suited for our citizens of Pasco County. That's what we're asking for. Okay. Okay. All right.
Now where am I at here?
All right, so I think we're at the third time the first page says Chairman Mariano So it starts with an accordance?
This thing.
The last thing Mr. Chairman said was require statute 200.065.
Oh he oh we got through the whole one. Okay. Thank you. All right, so Germany.
Yeah, mosque really earned.
We're gonna we'll get you back to the
you just read you read that original PowerPoint. So bottom
section, first page. Yeah.
All right. So Chairman Members of the Board of the aggregate millage rate I've advertised on the trim notice was ten point two six four five MILs, which represents a thirteen point three four percent increase from the aggregate rollback rate of nine point two one nine two MLs. The reason for the aggregate millage rate The reason the aggregate millage rate is higher is because the total taxable value increased between last year and this year, generating additional revenue levy for the same millage rate. Table one in your handout shows the millage rates for the various county levies and a comparison of the recommended millage rates to the rolled
back rates and the prior year adopted millage rates. Rather than read this chart into the record, we have provided copies to each commissioner, board records, and members of the audience. Tonight I would like to ask the commissioner. To adopt the tentative millage rates and total budget. The millage rates adopted tonight are the maximum allowed by Florida law without mailing each property owner an additional notice. The board can reduce the millage rates tonight through the final hearing on September 17th. However, the millage rate cannot be increased. Later in the meeting, should the Commission wish to modify the budget, we ask that staff be directed to return on September
17th at the final public hearing with the desired amendments. I'd like to give a summary of the General Fund and Transportation Trust Fund budget, stating the tentative militaries, the percentage change from the rollback rate, and the reasons for such a change. The tentative millage rate for the general fund is seven point five seven zero zero MILS, which is a seven point zero seven percent increase from the rollback rate of seven point zero seven zero three. The tentative millage rate is the same as last year's millage rate. The county realized a 14.1% increase in taxable assessed
values over the past year. Compared to the current fiscal year, the tentative general fund expenditure budget represents an increase of $94.3 million. The main factors for this include fully funding the Sheriff's Budget Request, including 20 additional deputies, implementing phase one of the D Shift for rescue personnel, operating expenditures for the expanded detention center, wage increases for the PBA and IAFF unions, and a wage increase based on compensation and classification study for board and constitutional officer employees. Prior
to action by the Florida legislator eliminated the requirement for a mandatory transportation ad valorem tax. No transportation millage was levied last year, and we propose no millage be assessed this year for the Transportation Trust Fund. I would ask that the board accept public comment and then vote on the general fund and the transportation trust fund millage rates and associated budgets. The minimum vote required to levy the general fund millage rates. a simple majority or three votes according to maximum millage rate calculations.
Okay. Does anyone wish to speak to the board regarding the general fund and transportation trust fund?
Mr. Chairman, we have folks signed up not specifically for a particular fund but for the budget in general. So we would uh go to that and the first person signed up is Christy Zimmer.
Name and address for the record.
Christy Zimmer, [address removed]. It's a sad day we have to be here and ask you, beg you to reduce the millage rate instead of constantly agreeing to the maximum. A couple of years ago Mr. Wells was in here telling you you had a perfect opportunity to reduce it and you didn't. You maxed it out again. Uh, you're taking the you're actually taxing people out of their homes. As a realtor, I'm dealing with it every day. Between taxes and insurance, people who have been here their whole
lives are having to move out of the state because they can't afford to live in their homes in Pasco County anymore. That is a sad, sad thing. Even with our 3% cap on our Save Our Homes, your overinflated assessed value. Values are not okay. They're not fair. And this has got to stop. It's an election year. Do your constituents a favor. Do a reduction, at least if it's a half-assed plan. Do something, because this is wrong. You can't keep doing this to the taxpayers. You've
got forgivable loans out there. You're doing tax deferrals. Edison Building, my favorite one to talk about. They haven't paid a dime in taxes since 2013 because they got a $1.5 million abatement. You're deferring The impact fees for the developers, you did you ever think if they were actually paying those on time and not ten years from now? Or the tax abatements that you're giving out on hundreds of millions of dollars of loans on the the economic development plans
for all these uh forgivable loans, how much money that would create in our tax base. Let's stop doing the giveaways and start taking care of the people who actually pay your salaries. A six figure salary for a part-time job, maybe look at yourself and take a pay reduction. Nobody out here gets that kind of money. It's not okay. You've got to tighten your purse strings, you've got to cut out the wasteful spending. We have to, many people can't even afford to go to the grocery
store because they have to worry about being able to stay in their homes. Please take some time, look at this budget, cut it where you need to cut it and save these people's homes.
Okay, thank you. Next up, Chris Walsh.
Mr. Carbala, do we defer impact, please?
I'm not aware of that. I know they're due at the time of the certificate of occupancy.
You went?
When a CO is issued on a on a facility that is won by by law.
Yeah, they they don't get a C O unless they pay their impact fee. Yes.
Correct. Oh
that's true.
We don't defer. Yeah. I had to go right here.
Okay, your name and address or
Uh Chris Walsh [address removed]. Uh I won't take the the whole three minutes, but congrats to Legend. She she said everything that we all feel. I'm um I'm a member of the Board of Supervisors for the Telegram Community Development District, 798 homes. We just finished our budget this year. We were able to do our O and M at the same level we did last year. I'm asking you for the same thing that she said. Same thing. You've got to figure out a way to to stop constantly. increase in property
taxes or you're gonna drive people out of here. So that's all I really have to say to you. I I came down here, we're uh my constituents back in Telavera and uh they all feel the same way. And there's about eighteen hundred voters there. So remember that from what you think. Thank you.
Okay. Thank you. Thank you. Terry Shrader.
Good evening, fellow commissioners Terry Schrader, [address removed]. I have to concur with some of the previous speakers. I I I think it's time to reduce the Miller's rate. I I up you know I applaud some of the discussion you've had. But you know, back in 2019 the taxable value for her for Pasco County was $27 billion. It currently sits at $52 billion, so and I don't believe you you've lowered the Miller's. rate to comment commensurate that that uh high value and the taxable value but again there there's families
that are struggling out there I can afford my tax bill but I know there's a lot of young couples out there that can't so I implore you to please please lower this millage rate to help these families be able to stay in Fasco County a lot of times during your meetings you're always talking about affordable affordable housing you're making it very un affordable. Thank you for your time. Thank you.
Cecil Christian.
Basically we're uh we're all saying the same thing. Increases in taxes is name and address, sir. Oh, sorry. That's right.
I've seen um the property taxes have gone up from twenty twenty one to twenty twenty three by sixty two percent. Now I'm seeing it going from from sixty from twenty twenty three to twenty twenty four now is another thirty-five percent going up again. And then at at this at this rate, we're not gonna be able to to keep our problem. So something has to be done about the milling rates, other millage rates and and other things to reduce this.
Otherwise we're not gonna be able to afford To to keep off that it's just clear. And it's hardly not so we have to do something about it. Thank you.
Uh sir, can I ask you a question? Is that right? Real quick. Right. Are you aware, and I'm not an expert on this, but on the s other homestead exemption that you can put on your property? Can someone describe that one?
I didn't get that. County Attorney.
County Attorney, can you describe the the extra homestead the senior homestead exemption we passed? And let me ask if you have this.
And that's not this year, that would be the next year. Next year. But they but the but the board adopted an optional Um Twenty-five thousand dollars no fifty thousand dollar. Um senior tax exemption. Property appraiser's office has all those forms and all those calculations to see if you qualify. It's income limited Um but it but that would
if you apply for it and and you qualify for it, that would lower your assessed value of your property just like the standard homestead exemp exemptions.
Well,
yeah,
an additional
if you
qualify. Yes. And and that's a good question. Yeah. But but if we look at a lot of the other states in each country. Once you reach 65 years old, they start blowing your taxes.
Oh happy birthday. And and my taxes just keep going up. I have friends in Texas and some of these other places, in Georgia, where where the taxes have cut 50%, you know, when they reach 65. And I'm still paying The poor taxes at this point. So it's it's hurting us and dictate that.
Say sir. Just a quick question. Are you homestead in the property you're talking about?
This this one is not a homestead. My son lives in this property. It's not homestead. It's
not homesteaded.
Yeah, not homesteaded
at this
point. Okay. But but but at the rate at it which it's going up, okay, I don't it's it's unbelievable.
All right. Next person.
Uh that's all we have pre-signed up.
Okay. Okay. Come forward. Mr. Steele.
Thank you. I think this is the first time I've ever come to the county uh to talk and I I want to thank you guys for doing what you do and I know it's hard um but I got thirty-five phone calls today uh from residents that that live in my district and and I'm a state house representative. Let me give you my address. It's on [address removed]. I don't know if I need to give you the specific address, but [address removed]. Um and so I I made it a point. I actually went out, got dressed, uh Outside actually putting holes in uh for my fence. So I got dressed and came in. So I want you guys to know me, it's important
to me. Um, we should do something. You got the inflationary costs that are going on. The the the properties are artificially inflated. We all know that it's gonna come back down as soon as Trump gets him back in office and and puts forward some of the things that we need to have done to reduce the cost. So, are they gonna have to come back in and ask to have? have those values come down um and which they will. They'll have to apply. Yes they do, I had to do it. They have to apply to have the value of their home to come back down. So the reality is is we should take that step. and reduce either the price
or the value of the home to make it back to where it was before we inflated it, or reduce the military to make it fair. Um I just wanna also verify that we have five hundred and forty billion dollars in reserve that we're not gonna have to have for eighteen years. We're gonna be within our our range. I'm sorry, not eighteen years, three years from now to twenty twenty eight. I wanna verify that. And then it's a 14% increase, but we have 18% we're putting into that reserve. And I wanna know how many
people well that's what it was on the chart.
No.
It
can you go back to that, Sher?
How much was it? Was it a million? Five hundred and forty million? Sorry, five hundred forty million.
We're required to have like two months of operating in case if we have a hurricane or something.
It was back the other one. Back you just passed it twice. Three times. Yeah, third third time. Five hundred forty. There you go. That's fine. So so half a billion dollars in reserve. I just want to ask, how many people do you think in our district has reserved Reserve remotely close to one month of their salary. And I'm not saying we shouldn't as a as a government entity, but at the time we're adding 18% and we don't need a hundred percent of that. We should adjust what we what we're picking pulling in just to help people out. And that's that's why I'm here. I'm not here to condemn anybody, but
I just want to make sure that you guys understand. It it doesn't affect me. It's not it's not gonna affect me, but it's affecting a lot of people in my community.
But can I ask you a question on the reserves? Yes. Just for all of us. And I know this is your first budget meeting and your second one. In the reserves is also where you park some capital money or some money for certain things. So it's not necessarily all I know we try and have two months of operating, right? If something were to happen.
Right. So we keep um county. We keep two months of operating expenses in what we call a restricted reserve. And so that, yes, is your rainy day if a hurricane comes through or whatever, we can still operate for two months and then hope that we get some kind of relief from the state or the feds. And then we will keep some Additional Based off policy direction and decisions. So, like an example, solid waste. We had that seven for seven plan, and part of that plan was building up some reserves so we could partially cash
fund the waste to energy expansion and then levy leverage some debt service for the other piece of it. And so we build up some reserves in our utility fund, we build up some reserves in our solid waste. When we know that we have those plan capital expenditures coming And you would see that in that five hundred million dollar number, it would be a conglomeration of of both of those things.
The two months. Operating and these other items are in that same amount. Okay. Yes, ma'am. Thank you. Oh, excuse me. Mr. Steele, you can
come back.
Sorry.
Dan, what's um what is our current general fund target reserve number right now?
It's for us and all the constitution. Yeah.
Currently about seventy-eight million. Put too much. Two months or what?
Correct.
Two
months of operating.
Okay.
All right. And we're we're adding eighteen percent to that reserve every year? That that was on another slide. Right there. That right there. 18%.
No, that that just represents a total representative. So if I took the total the total amount in the general fund and the ex we have to report reserves as uh like the current dollar percent. 18% of that total is actually tied up in reserve. So seventy eight million would be eighteen percent of that number, probably.
Mr. Chairman Mariano.
Right.
Mr. Chairman Mariano, is the number sixteen point seven percent the target number?
Yes, sir. The the the target, the the board policy target that we we discussed in January was uh sixteen point seven percent, which is sixty days out of three hundred and sixty case. We're still coming.
Okay.
So what
what's the difference from that number to this number?
It's currently at twenty
It's currently at twenty-two and a half percent, so it is it is higher. As I mentioned before, however, part of the planned expenditures and that we have uh that we've already approved, such as D Shift for fire rescue additional expenses, count on drawing that number down. So by 2028, uh discussed with Commissioner Weightman, we would be down to probably around 15 percent or about 54 days in 2028. Based on projected Expenses, projected growth, there's a number of assumptions that go into that. Okay. Yeah. Thank you.
Okay. Mr. Waitler. Chairman Mari Chairman Mariano
Attorney, but If a local government sinks below the recommended Sixty day more. There's no penalty, right? It's just a best an accounting best management practice. Correct? So We were to get lean and mean and and lean into it. we wouldn't necessarily be penalized. if we sank below that number a bit. If we're in the best interest of our citizenry.
As I bel as I recall, this is a Gatsby standard, right? Government the the government accounting Say GFOA. GFOAG's accounting resources. Um and so no, there there is no state law requirement that requires you to have that. But that all goes into your bond ratings? Correct. If you're not if you're not if it's
not a bond, if it's not a revenue bond, an enterprise fund bond, it's just your general operating bond, it it goes into the rate the the AA rating, double A plus rating that you've got. Um
So There are side effects to lowering your reserve. It it's not illegal for you to to lower your reserve. There's no
penalty
on it.
Correct. You may have bond or debt covenants that require certain levels those go in and affect your best. Yeah,
we have the best bond rating right now. I think.
Yes.
That's the best one for government. If you go above that, you're not putting too much money aside and it's wasteful. Right. So
Which saves our systems.
Yeah.
Okay, that covers questions. Uh is there a motion to adopt the tentative rate with knowing we're gonna look at something coming back from staff on the seventeenth. So move So I got a motion.
Uh well second, but we're gonna have more discussion as we come.
After Well. That was your discussion period.
Well we have a lot more to go through.
Okay.
Okay, I got a motion and a second. All those in favor is this roll call?
No.
All right. All those in favor say aye. Aye. Aye. All like sign for opposed? Well, past five zero. Move on to
Yeah.
So the millage rate for the general fund of 7.5700 MILS County Commission motion. Is there a motion to adopt the tentative millage rate for the transportation trust fund of zero point zero zero zero zero MILS? Happy to make that motion, Chairman Mariano.
Zero millets right. That was a good amount.
Zero happy to make that motion, Chair. Yeah. Could you want to come? Ms. Rural.
I will now provide a summary of the Fire Municipal Service Taxing Unit Budget stating the tentative military, the percent
You've got
a motion. Excuse me. I got a motion and second. All those in favor say aye. Aye. Aye. Motion pass five zero.