§ 5.4.2. Truth in taxation.

(a)

In any year in which the Board of County Commissioners tentatively adopts a millage rate in excess of 100 percent of the rolled-back rate computed pursuant to Florida law, the Board of County Commissioners shall be required to publish a notice in a local general circulation newspaper, with additional information to explain any increase in ad valorem tax revenue to be spent in the proposed budget over those levied in the prior fiscal year. The advertisement shall be published in a newspaper of general circulation published at least five days a week. This advertisement shall be no less than one-quarter page in size and both the headline and the actual percentage increase proposed total ad valorem tax proceeds in the advertisement shall be in a type no smaller than 18 points. The advertisement shall not be placed in that portion of the newspaper where legal notices and classified advertisements appear. Such advertisement shall take place within 15 days after the meeting adopting the tentative budget and shall state the County's intent to finally adopt a millage rate and budget. The public hearing to finalize the budget and adopt a millage rate shall be held not less than two days or more than five days after the day that the advertisement is first published. The advertisement shall be substantially in the following form:

BREVARD COUNTY BOARD OF COUNTY COMMISSIONERS DISCLOSURE OF TAX INCREASE PURSUANT TO THE BREVARD COUNTY CHARTER

1.

The Brevard County Board of County Commissioners has tentatively adopted a proposed aggregate roll-back rate of _____ which is an increase over the aggregate roll-back rate of _____. This increase is a _____ percent change over the aggregate roll-back rate, yielding $_____ in additional revenue over the prior year's proceeds as reflected on the Certificate of Taxable Value. ^[]

2.

The proposed aggregate millage rate will also yield an additional $_____ in revenue as a result of the taxable value of new construction which is not included in the rolled-back calculation, pursuant to Section 200.065(1), Florida Statutes.

The sum total of additional ad valorem revenue proposed, as reflected in Sections 1 and 2 above, is $ _____. This represents an actual increase in proposed revenue of the following percentage.

ACTUAL PERCENTAGE INCREASE IN PROPOSED TOTAL AD VALOREM TAX PROCEEDS OVER THE PRIOR YEAR _____%.

(b)

In the event a new taxing district is created, the percentage increase in the total tax proceeds over the prior year will increase and therefore the notice shall contain a notation to explain that contribution to the total increase expressed as a percentage.

(c)

If new unfunded state mandates caused an increase in the total tax levy over the prior year, the notice shall contain a notation to indicate that cost impact and its contribution to the total increase expressed as a percentage.

(Amd. of 11-7-04; Amd. of 11-2-10)