File #: 9075-17    Version: 1 Name: Set final millage rate of 5.1550 mills and approve ordinance 9075-17.
Type: Ordinance Status: Passed
File created: 8/17/2017 In control: Office of Management & Budget
On agenda: 9/7/2017 Final action: 9/7/2017
Title: Set final millage rate of 5.1550 mills for fiscal year 2017/18 against non-exempt real and personal property within the City of Clearwater and pass Ordinance 9075-17 on first reading.
Attachments: 1. 9075-17 Millage Ordinance FY18.pdf, 2. 9-7-17 - FY18 Budget final presentation.pdf

SUBJECT/RECOMMENDATION:

Title

Set final millage rate of 5.1550 mills for fiscal year 2017/18 against non-exempt real and personal property within the City of Clearwater and pass Ordinance 9075-17 on first reading.

 

Body

SUMMARY: 

In accordance with Chapter 200 of the Florida Statutes, which defines requirements for the Determination of Millage and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearings to adopt a final millage rate for the new fiscal year.  The adoption of this ordinance to establish the millage rate and the two related budget ordinances are an integral part of fulfilling these requirements.

The City Council set a tentative millage rate of 5.1550 mills on July 20, 2017, which is the rate that appeared on the TRIM bill notices mailed to taxpayers in August.  The millage rate of 5.1550 mills represents a 6.86% increase from the rolled back rate of 4.8241 mills.

Ordinance 9075-17 is presented in order to adopt the millage rate of 5.1550 mills to support the operating and capital improvement budgets for the 2017/18 fiscal year.