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Melbourne Village Commission approves TRIM estimate of 6.8326 (10% above rollback)
Summary
The Commission voted 6-0 to approve a TRIM estimate of 6.8326, which the Finance Committee recommended and which is 10% above the rollback rate. The vote was taken by roll call.
On June 22 the Melbourne Village Town Commission approved a TRIM (Truth in Millage) estimate of 6.8326 — a figure that is 10% above the rollback rate recommended by the Finance Committee.
Vice Mayor Foster made the motion to adopt the TRIM estimate; Commissioner Muzzone seconded. The Commission conducted a roll-call vote and the motion passed unanimously, 6-0. The TRIM estimate is a procedural step in the town's property tax-setting calendar and does not itself set the final millage rate; it permits the town to advertise a maximum rate for the upcoming budget process.
The Finance Committee presented the recommendation that underlies the estimate; Commissioners did not record amendments to the figure during the meeting. Next steps include required public notices and budget hearings in accordance with Florida's TRIM process.
