File #: ID#20-7974    Version: 1 Name: Millage and hearing dates
Type: Action Item Status: Agenda Ready
File created: 6/29/2020 In control: Downtown Development Board
On agenda: 7/8/2020 Final action:
Title: Adopt Aggregate Millage Rate of 0.9700 for FY 2020-2021 and Set Public Hearing Dates for the Proposed Millage and Budget on September 9, 2020 and September 16, 2020.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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SUBJECT/RECOMMENDATION:

Title

Adopt Aggregate Millage Rate of 0.9700 for FY 2020-2021 and Set Public Hearing Dates for the Proposed Millage and Budget on September 9, 2020 and September 16, 2020.

 

Body

SUMMARY: 

The statewide TRIM schedule for 2020 states “within 65 days of certification of value, the taxing authority must hold a public hearing on the tentative budget and proposed millage rate.” These meetings must be held between September 3-18 to meet the state guidelines.

To meet the hearing requirements, CRA staff recommends moving the regularly scheduled DDB meeting from September 3rd to September 9th, which will serve as the first public hearing.  September 16th will be the final public hearing to adopt the proposed budget and tentative millage.