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Finance staff lays out four millage options and projected revenue impacts
Summary
Finance staff presented four FY2027 millage options — keep 14.90 mills, reduce by 0.25 or 0.50 mills, or adopt the state rollback rate — and estimated revenue changes ranging from about $110.1M at current rate to roughly $106.4M under the 0.5‑mill cut, with the rollback rate yielding a larger shortfall vs. the adopted budget.
At the July 29 special called meeting, finance staff (Miss Cody) presented four millage scenarios for FY2027 and provided estimated revenue outcomes for each. She said the county's net taxable digest is approximately $7,810,000,000 (≈6.54% growth), and that "each 1 mill generates approximately $7,390,000 in local tax revenue," a figure officials used to illustrate the revenue effect of small millage changes.
Miss Cody walked through the options: maintaining 14.90 mills (projected property tax revenue ≈ $110,100,000, about $558,000 above the adopted property tax budget); reducing to 14.665 mills (≈ $108,200,000, roughly $1,292,900 below the adopted budget); a 0.5‑mill reduction (≈ $106,400,000, about $3,140,000 below); or adopting the state rollback rate (≈ $6,160,000 less than the adopted budget). Members asked clarifying questions about the calculations and the staff noted those estimates reflect the digest and statutory rules, not individual property impacts.
The presentation framed the choice as a tradeoff between revenue stability for school operations and direct taxpayer impact; Miss Cody recommended maintaining 14.90 mills to match the budget assumptions and avoid midyear cuts.
