Quote:
Originally Posted by DARFAP
The wording in the notification received says the $324 is the maximum increase for FY23-24 and is the maximum that can be imposed without further notice in future FYs.
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That is customary wording, what it means is that the rate will be set at the maximum approved rate. If it were needed to be raised in the future it will have to be approved at a public hearing as what is happening on the 22nd. If the maximum rate were to be set above the required funding rate (say $400 and similar higher rates for commercial properties) then the following year(s) the rates could be raised if necessary to any level up to the maximum approved rates without additional public hearings being held.
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Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
A student of The Villages, its history and its future.
City of Wildwood
www.goldwingnut.com
YouTube –
YouTube.com/GoldWingnut and
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Carpe diem quam minimum credula postero
Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. -
Thomas Paine, 1/10/1776