Budget Hearing Sparks Debate Over Tax Increase in Rainbow Lakes Estates

In a recent public hearing, the Marion County Board of County Commissioners discussed the proposed budget for the Rainbow Lakes Estates Municipal Service District for the fiscal year 2024-25. The proposed budget totals $1,434,510 and includes a significant increase in the millage rate, which is set to rise from the rollback rate of 1.1445 mills to 1.2500 mills, reflecting a 9.22% increase.

Audrey Fowler, the budget director, presented the details of the budget and outlined the procedures for the hearing, which is the first of two required by Florida law before the final adoption of the budget and millage rate. The increase in the millage rate is attributed to a rise in operational expenditures amounting to $21,676, alongside a decrease in fund balance carry forward of $43,016.

Following the presentation, the board opened the floor for public comments, but no audience members chose to address the board on the matter. The commissioners then unanimously adopted the tentative millage rate and budget by resolution.

The board also scheduled the second public hearing for September 23, 2024, at 5:50 PM in the Marion County Commission Chambers, where the final adoption of the budget and millage rate will be considered. This meeting will be advertised within the required timeframe following the conclusion of the current hearing.