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Resident asks whether corrected millage will draw on reserves
Summary
During public comment Grace Reed asked whether the corrected rollback would change the amount drawn from reserves and whether the council would discuss the money impact; staff and council responded that the corrected figures would be disclosed during discussion and that the likely reserve use is around $288,052.
Grace Reed identified herself as being from Sebastian and asked if the council would discuss how much the change would cost and whether it would draw on reserves — referencing earlier figures that had suggested roughly $282,000 might come from reserves.
Council and staff answered that the motion to set the TRIM notice at the rollback rate would be accompanied by staff-provided figures. City staff (Benton) then displayed slides and clarified the corrected numbers, saying the corrected rollback (3.3318) would require $288,052 of general-fund reserves relative to the draft budget. Reed's question prompted that clarification and brief council discussion about homeowner impacts.
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