Our second-largest revenue source is the local option sales tax.” “This has a net increase of 11.3% tax dollars to the general fund. “You’ll see a growing trend here, and essentially this all reflects the 3% millage reduction,” Eyerman said. Property taxes, as expected, are the major revenue source for the county’s general fund. It would’ve also led to a $6.8 million shortfall compared to the budget presented. It would’ve led the county to defer debt costs, which would cost taxpayers more in the long run. The rollback rate would’ve been more costly, Gray said. “I just want to thank my colleagues - we went probably 12 or 13 years without a millage rate decrease, and this is the second year in a row we’ve had one, so thank you so much,” Commissioner Aaron Bell said at the later meeting.
Thanks to the policy change, this will be the budget process in coming years unless the Board changes it. “So, the determination of the board last year to reduce the millage rate approximately 1.4% …” essentially led to a net-zero increase on property taxes for homesteaded properties.Ĭommissioners decided during a planning session before the budget period that county staff should present a budget annually based not on the flat rate, but to come with a reduced millage rate. “Last year was a significant year for the Board - from 2007 … our millage rate has been increasing or flat since that point in time,” Assistant County Manager Marshall Eyerman said at the budget workshop. for the first of two workshops - the first being on the area east of Interstate 95 generally known as Wildlight, and the second being on the budget - before their hours-long regular meeting kicked off at 6 p.m. It was a long day for Commissioners, who met at 3 p.m. “This is a huge win-win for Nassau County and the taxpayers,” Nassau County Commission Chairman Jeff Gray said after Commissioners’ unanimous votes on the budget and tentative millage rate. The standard of living in Nassau County is high, but with increased property values and spending comes increased revenue for the county government, which is looking at reducing its millage rate by 3% for the next fiscal year while pulling in over 11% more cash.
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