Just barely I was talking to the where you were.

I see you on the sidewalk, not on a break.

Thank you, sir.

I did.

Yes, I had fun.

You're welcome.

Dr.

King is uh literally on the sidewalk.

So anything from no if she attends, she'll be late.

Good evening, Director Hobbs.

Can you hear us?

I can, thank you.

Thank you.

Apologize, my fellow board members for not being there, but uh came down with something today.

Good evening.

Welcome to the September eighth, tw uh uh twenty twenty-six fiscal year and twenty twenty-seven tentative millage rate and fiscal year twenty twenty-two twenty twenty-seven ten tentative annual budget public hearing.

The meeting for a metas hybrid quorum is physically present at the Hillsborough Transit Authority, twelve oh one East Seventh Avenue, Tampa, Florida, three three six oh five location, and the rest of the board members are participating via communication media technology.

I will now call this public hearing to order.

Please stand if you're able for the Pledge of Allegiance.

I hereby open to public hearing on the fiscal twenty fiscal year twenty twenty-seven, tentative millage rate and fiscal year twenty twenty-seven tentative annual budget for Hillsborough Transit Authority.

Anyone who wishes to speak this evening has signed in and has been identified online in a print and and online and printed for those attending.

We have the documents that summarize the fiscal year 2027 tentative millage rate and the fiscal year 2027 tentative annual budget.

These documents include the agenda for tonight's hearing.

We will consider the adoption of the following resolutions.

Resolution R20260932, a resolution of the Hillsborough Transit Authority of Hillsborough County, Florida, adopting the tentative levying of adval taxes, adopting the tentative fiscal year 2027 millage rate of.500 mills, which is more than the rolled back rate of.4888 mills by 2.9% at providing for an effective date.

And resolution R2026-0933, a resolution of Hillsborough Transit Authority of Hillsborough County adopting the tentative fiscal year 2027 annual budget of 193 million eight hundred and forty-five thousand seven hundred and sixty-four dollars and providing for an effective date.

The public hearing will be concluded conducted as following, as follows.

Hart staff will present the fiscal year 2027 tentative millage rate.

The board will then open the floor for citizens' comment regarding only the tentative millage rate and or the budget.

Speaker comments will be limited to three minutes.

After citizen comments, the board will then take action to move for approval of any necessary changes.

Two resolutions will be presented to the board for approval.

The board will approve the required resolutions, adopting the fiscal year 2027 tentative milletry first, and then adopting the fiscal year 2027 tentative annual budget in that order.

Staff will now present the fiscal year 2027 tentative millage rate.

Mr.

Drainville.

Notification of this hearing was included on the trim notices mailed to all taxpayers in Hillsborough County, the City of Tampa, and the City of Temple Terrace.

The fiscal year 2027 tentative millage rate was discussed with the board on July 20th, 2026.

The fiscal year 2027 tentative not to exceed millage rate was certified and provided to the property appraiser on July 23rd, 2026 in conformance with the state law.

The fiscal year 2027 tentative millage rate of.5000 mills is the same as the adopted fiscal year 2026 millage rate of.5000 mills.

The fiscal year 2027 millage rate of 0.500 mills is more than the rollback rate of.4888 mills by 2.29%.

Shirley Shuherley, Chief Financial Awesome, will present the FY 2027 tentative millage rate.

Ms.

Shuherley.

Thank you, Mr.

Drummond.

Thank you, Chair and Members, and good evening, General Public.

This uh today's mileage rate presentation will show you historical proposed budget of revenue, historical millage rate and go back rate and uh follow up with four resolution.

The rate before you is 0.5 mil.

It is the same rate Hart has a levy every year shown on this table.

The property appraiser certifies a tax value of a 181 billion dollars for FY 2027 at a 0.5 mil that produce a 90 uh 90.5 million dollar to be levied.

According to the board policy, we budget at a uh 95 percent of the levy, so the figure carries into the budget is 86 million dollars.

That is a 3.1 uh million dollars more than FY 2026 budget.

It's increase of 3.7 percent.

It is the smallest increase in the 10 years from this table.

The rollback rate for FY 2027 is at 0.4888 mills.

Because we are holding at a 0.5 mil on the taxable value rose, our rate is 2.29 percent above rollback.

Florida law requires that comparison that completes the millage presentation.

I'm happy to take your questions.

Okay.