Pinecrest Budget and Tax Rate Hearing

Original title: BUDGET HEARING (6:00 P.M. TIME CERTAIN): 1. A RESOLUTION OF THE VILLAGE OF PINECREST, FLORIDA, ADOPTING THE TENTATIVE MILLAGE RATE OF THE VILLAGE OF PINECREST FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); SETTING A DATE FOR A FINAL PUBLIC HEARING TO ADOPT THE FINAL MILLAGE RATE; PROVIDING FOR PUBLICATION OF PUBLIC NOTICE; PROVIDING FOR AN EFFECTIVE DATE. 2. AN ORDINANCE OF THE VILLAGE OF PINECREST, FLORIDA, ADOPTING AN OPERATING AND CAPITAL OUTLAY BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 THROUGH SEPTEMBER 30, 2022 PURSUANT TO FLORIDA STATUTE 200.065 (TRIM BILL); UPDATING THE CAPITAL IMPROVEMENT SCHEDULE; PROVIDING FOR AN EFFECTIVE DATE.

Record date · September 16, 2021

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What This Bill Does

The Village of Pinecrest is holding a public hearing to set the tentative property tax rate () and adopt the operating and capital budget for the upcoming fiscal year. This meeting covers the financial planning for the period starting October 1, 2021.

Why it matters

This meeting determines the property tax rate and spending priorities for the Village of Pinecrest for the 2021-2022 fiscal year, which directly impacts the tax obligations of property owners and the funding available for village services.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Pinecrest Property Owners

Property owners are subject to the millage rate set by the village, which determines their annual property tax bill.

Directly affected

Village of Pinecrest Administration

The administration must operate within the budget and capital improvement schedule adopted during this process.

Key Facts

The Village of Pinecrest is adopting a tentative millage rate for the fiscal year beginning October 1, 2021.
The budget covers both operating expenses and capital outlays for the period of October 1, 2021, through September 30, 2022.
The proceedings are conducted pursuant to Florida Statute 200.065, also known as the TRIM (Truth in Millage) Bill.
The meeting includes an update to the village's capital improvement schedule.

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The resolution mandates the publication of a public notice regarding the tax rate.
The council will set a date for a final public hearing to adopt the final millage rate.

Frequently Asked Questions

What is a millage rate?

The is the tax rate used to calculate property taxes; one mill is equal to $1 of tax for every $1,000 of assessed property value.

What is the TRIM Bill?

TRIM stands for 'Truth in Millage,' a Florida law that requires local governments to provide specific notices to taxpayers regarding proposed property tax increases.

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