SUBJECT:
Title
PUBLIC HEARING to Consider the Adoption of a Resolution Authorizing an Increase to the Per Parcel Assessment for the Golden Hills Turf and Country Club Municipal Service Taxing Unit for General Services, establishing a Special Assessment Rate and Adopting an Estimated per Parcel Assessment Revenue
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INITIATOR: |
DEPARTMENT: |
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Chad Wicker, Director |
Municipal Services |
DESCRIPTION/BACKGROUND:
It has been determined during the budget process that the fund balance for Golden Hills Turf and Country Club Municipal Service Taxing Unit (MSTU) for General Services is not sufficient to sustain the funds beyond FY 2028-29. These funds are being used for street lighting within this subdivision.
Currently, the FY 2025-26 annual projected operating revenue will generate approximately $12,389 (factoring in early payment discounts), with projected expenditures of $20,276. Increasing of the assessment from $40 to $65 will increase the revenue to $20,132 annually, which will begin increasing the fund balance and provide the same level of service for the next nine years.
Based on discussions with the Marion County Budget Director, staff is recommending an increase from the current annual rate of $40 to $65 for the upcoming FY 2026-27 Budget.
BUDGET/IMPACT:
Estimated annual expenditure of $23,169
RECOMMENDED ACTION:
Recommended action
Motion to approve Resolution for the Golden Hills Turf and Country Club MSTU for General Services establishing a Special Assessment Rate and adopting an estimated per Parcel Assessment Revenue for the Golden Hills Turf and Country Club MSTU for General Services.
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