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File #: 9713-23    Version: 1 Name: Set a final millage rate of 5.8850 mills for fiscal year 2023/24.
Type: Ordinance Status: Passed
File created: 8/18/2023 In control: Office of Management & Budget
On agenda: 9/21/2023 Final action: 9/21/2023
Title: Set final millage rate of 5.8850 mills for fiscal year 2023/24 against non-exempt real and personal property within the City of Clearwater and pass Ordinance 9713-23 on first reading.
Indexes: 1. High Performing Government
Attachments: 1. 9713-23_Millage_Ordinance_24, 2. Revised9_21_2023-BUDGET_FY24_FINAL.pdf

SUBJECT/RECOMMENDATION:

Title

Set final millage rate of 5.8850 mills for fiscal year 2023/24 against non-exempt real and personal property within the City of Clearwater and pass Ordinance 9713-23 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 5.8850 mills on July 20, 2023, which is the rate that appeared on the TRIM notices mailed to taxpayers in August. The millage rate of 5.8850 mills represents a 10.27% increase from the rolled back rate of 5.3370 mills.

Ordinance 9713-23 is presented in order to adopt the millage rate of 5.8850 mills to support the operating and capital improvement budgets for the 2023/24 fiscal year.