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File #: ID#23-1090    Version: 1 Name: Millage
Type: Action Item Status: Agenda Ready
File created: 8/23/2023 In control: Downtown Development Board
On agenda: 9/5/2023 Final action:
Title: First Public Millage Hearing and adoption of Resolution 23-03
Attachments: 1. Millage Resolution (8)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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SUBJECT/RECOMMENDATION:

Title

First Public Millage Hearing and adoption of Resolution 23-03

 

Body

SUMMARY: 

In accordance with Chapter 200 of the Florida Statues, which defines the requirements for the “Determination of Millage” and the rules governing “Truth In Millage” (TRIM) compliance; the Downtown Development Board, DDB, must hold two public hearings to adopt a final millage rate for the new fiscal year.

 

Adopting this resolution to establish the millage rate is an integral part of fulfilling these requirements.

 

The DDB set a tentative millage rate of 0.9700 mills at the July 12, 2023, meeting, which is the rate that appeared in the TRIM bill notices mailed to taxpayers in August.

 

Resolution 23-03 is presented to adopt the millage rate of 0.9700 mills to support the operating budget for the 2023/2024 fiscal year.