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Budget hearing reveals significant tax increase for residents

September 03, 2024 | Holmes County, Florida


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Budget hearing reveals significant tax increase for residents
In a meeting held on September 3, 2024, the Board of County Commissioners of Holmes County, Florida, discussed key financial matters, including the adoption of a tentative budget and millage rate for the upcoming fiscal year. The proposed millage rate was set at 9.4916, which represents a 7.67% increase over the rollback rate of 8.8155. This adjustment is expected to generate additional revenue necessary for balancing the general and transportation trust funds.

During the meeting, the board conducted a public hearing as mandated by Florida statute, allowing for community input on the proposed budget. However, no members of the public voiced concerns or comments regarding the budget during this session.

The commissioners proceeded to adopt Resolution 24-21, which formalizes the tentative levying of ad valorem taxes for the fiscal year 2024-2025. The resolution was passed unanimously following a motion and a second, with no further discussion required.

The meeting concluded with a brief mention of upcoming budget changes, indicating that further financial adjustments may be discussed in future sessions.

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