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2022 08 02 Item 06. A., ExhibitRobin Brock From: Stephen L. Conteaguero <SConteaguero@nasonyeager.com> Sent: Tuesday, August 2, 2022 11:34 AM To: John Fumero Cc: Melissa D. DiNatale Subject: Key Dates/Notes for Millage discussion Attachments: Statute Excerpts 200.docx (recalled to change date of final budget hearing to Sep 26th) John Attached is a chronology re: what happens at each point of the budget review and adoption process per the statute. Because we're 100% likely to end up lowering the proposed millage, I've left out the statute cites requiring a 3/5 majority vote for anything up to a 10% increase from last year's rolled -back rate and a unanimous vote required for any increase greater than 10% from last year's rolled -back rate. Steve Conteaguero KNI Nason YeAttorney at Law Email: sconteaguero@nasonyeager.com GERSON UARRiS&FUMERO.PA. AITORMYS Al LAW Ett- 196a Tel: 561-982-7114 1 Fax:561-982-7116 750 Park of Commerce Blvd., Suite 210 1 Boca Raton I FL 133487 www.nasonveaaer.com The information contained in this transmission is attorney privileged and confidential. It is intended only for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you receive this communication in error, please notify us immediately by telephone (collect) and return the original message to us at the above address via the U.S. Postal Service. We will reimburse you for postage and/or telephone expenses. WIRE FRAUD ADVISORY: Due to the increased risk associated with wire fraud and e-mail hacking and phishing attacks, in the event you receive an e-mail from Nason Yeager containing wire transfer instructions, please call Nason Yeager using previously known contact information and NOT information provided in the email, to verify the information contained within said wire transfer instructions prior to sending funds pursuant to such wire transfer instructions. Think Green! Please do not print this e-mail unless absolutely necessary. I r.] City of Okeechobee Proposed Millage 2022 - Significant Dates Jun 29, 2022 - Date City received of Certification of Taxable Value from County July 1, 2022 - Start of TRIM Timeline (per 200.065(12), F.S.) Jul 21, 2022 - date the City certified 2022 proposed millage rate to County Property Appraiser Aug 4, 2022 - Deadline for City to amend previously -submitted July 21 certification (within 35 days from Jul 1 - 200.065(2)(b), F.S.). Sep 6, 2022 -�-�o�sedilla e a (within 65 to 80 days after start of TRIM Timeline - 200.065(2)(c), F.S.) - Initial adoption of proposed budget and millage rates happens here: o At this meeting "the first substantive issue discussed shall be the percentage increase in millage over the rolled -back rate necessary to fund the budget, if any, and the specific purposes for which ad valorem tax revenues are being increased" Id. Discussion of all budget categories Prior to the conclusion of the hearing, the governing body of the taxing authority shall amend the tentative budget as it sees fit, adopt the amended tentative budget, recompute its proposed millage rate, and publicly announce the percent, if any, by which the recomputed proposed millage rate exceeds the rolled -back rate computed pursuant to subsection (1). That percent shall be characterized as the percentage increase in property taxes tentatively adopted-hy-the-governing_ho Se 21, 2022 Deadline to Adver=eno e F;�a� u. r,e:��24(aust run within 15 days after initial earing, ut inal hearing must fewer than2 days and no more than 5 days after the advertising runs - 200.065(2)(d), F.S.) - The Ad is titled "Notice of Budget Hearing" if the millage rate is less than or equal to last year's rolled -back rate, or a "Notice of Proposed Tax Increase" if it is greater than last year's rolled -back rate (200.065(3)(a), F.S.). (::�ep 2 , 2022 - �Finaludget Hearing ( 0.065(2)(d), F.S.) - During the [Final Budget] hearing, the governing body of the taxing authority shall amend the adopted tentative budget as it sees fit, adopt a final budget, and adopt a resolution or ordinance stating the millage rate to be levied. The resolution or ordinance shall state the percent, if any, by which the millage rate to be levied exceeds the rolled -back rate computed pursuant to subsection (1), which shall be characterized as the percentage increase in property taxes adopted by the governing body. The adoption of the budget and the millage-levy resolution or ordinance shall be by separate votes. For each taxing authority levying millage, the name of the taxing authority, the rolled -back rate, the percentage increase, and the millage rate to be levied shall be publicly announced before the adoption of the millage-levy resolution or ordinance. In no event may the millage rate adopted pursuant to this paragraph exceed the millage rate tentatively adopted pursuant to paragraph (c) [DURING THE INITIAL (SEP 6) MEETING]. d �1 MINOR N 200.065 Method of fixing millage.— (1) Upon completion of the assessment of all property pursuant to s. 193.023, the property appraiser shall certify to each taxing authority the taxable value within the jurisdiction of the taxing authority. This certification shall include a copy of the statement required to be submitted under s. 195.073(3), as applicable to that taxing authority. The form on which the certification is made shall include instructions to each taxing authority describing the proper method of computing a millage rate which, exclusive of new construction, additions to structures, deletions, increases in the value of improvements that have undergone a substantial rehabilitation which increased the assessed value of such improvements by at least 100 percent, property added due to geographic boundary changes, total taxable value of tangible personal property within the jurisdiction in excess of 115 percent of the previous year's total taxable value, and any dedicated increment value, wilt provide the same ad valorem tax revenue for each taxing authority as was levied during the prior year less the amount, if any, paid or applied as a consequence of an obligation measured by the dedicated increment value. That millage rate shall be known as the "rolled -back rate." (5) In each fiscal year: (a) The maximum millage rate that a county, municipality, special district dependent to a county or municipality, municipal service taxing unit, or independent special district may levy is a rolled -back rate based on the amount of taxes which would have been levied in the prior year if the maximum millage rate had been applied, adjusted for change in per capita Florida personal income, unless a higher rate was adopted, in which case the maximum is the adopted rate. A higher rate may be adopted only under the following conditions: 1. A rate of not more than 110 percent of the rolled -back rate based on the previous year's maximum millage rate, adjusted for change in per capita Florida personal income, may be adopted if approved by a two-thirds vote of the membership of the governing body of the county, municipality, or independent district; or 2. A rate in excess of 110 percent may be adopted if approved by a unanimous vote of the membership of the governing body of the county, municipality, or independent district or by a three -fourths vote of the membership of the governing body if the governing body has nine or more members, or if the rate is approved by a referendum. (7) Nothing contained in this section shall serve to extend or authorize any millage in excess of the maximum millage permitted by law or prevent the reduction of millage.