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Board holds final budget rehearing after TRIM advertisement error, approves millage rates and final budget
Summary
District finance staff said a published advertisement contained an incorrect levy amount, requiring a formal rehearing under Florida TRIM rules; the board approved the required local effort (3.086 mills), discretionary (0.748 mills) and capital outlay (1.5 mills) and then approved the final budget, all by 5-0 votes.
Madison County School District held a required rehearing of its final budget Nov. 10 after staff discovered an incorrect levy amount in one of the published TRIM advertisements.
Finance director Mr. Copeland explained that the district—s millage calculations and the numbers approved at the Sept. 15 final meeting did not change, but a wrong number published in the advertisement triggered the need to run the final budget approval process…
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