Title
RESOLUTION NO. 19-16. ADOPTING A FINAL MILLAGE RATE FOR THE CITY'S PROPOSED BUDGET FOR FISCAL YEAR 2019-2020
SECOND READING AND SECOND PUBLIC HEARING
(Speaker - Dan Katsiyiannis, Management and Budget Administrator)
Body
NOTE: The City is required under F.S. 200.065 to adopt a final millage rate for the City's proposed budget for fiscal year 2019-2020. The proposed rate of 5.4900 represents an increase of 6.49% over the roll-back rate of 5.1552. The roll-back rate is the calculated rate that would have provided the City with the same amount of ad valorem tax revenue as the previous year.
P2 on 9/5/19 Council agenda.
Recommendation
ACTION: (Adopt - Deny) Resolution No. 19-16. Second reading and second public hearing.