§ 122-689. Annual estimates of expenses, taxation and assessment rate.

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For the purpose of implementing this Ordinance, the Board of County Commissioners shall annually, at the time required by general budgetary law, make an itemized estimate of the amount of money required to carry out the business of the MSTBU for the next fiscal year, which shall be from October 1 to and including September 30 following (the "Budget"). The estimate shall describe the purpose for which the moneys are required and the amount necessary to be raised by taxation and/or special assessment within the MSTBU. At the time and place for fixing the annual rate of taxation for County purposes, the Board of County Commissioners shall fix and cause to be levied on all properties within the MSTBU, subject to taxation or assessment a millage and/or assessment sufficient to meet the requirements of the Budget, provided, however, the millage rate shall not exceed the maximum millage allowed by law per year.

(Ord. No. 2002-70, § 4, 12-17-02)

                    
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