HomeMy WebLinkAboutItem #80 - Discussion Item49
PUBLIC HEARING ITEM
DISCUSSION OF PROPOSED MILLAGE RATE AND TENTATIVE BUDGET
FOR THE DOWNTOWN DEVELOPMENT AUTHORITY
PERCENTAGE INCREASE IN MILLAGE OVER ROLLED BACK RATE.
RESPONSE: FIVE AND 11/100 PERCENT (5.11%)
SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE:
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRAMS
COST
S 178,100.00 100
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS COMMENTS
REGARDING THE PROPOSED MILLAGE INCREASE AND EXPLAINS THE
REASONS FOR THE INCREASE OVER THE ROLLED BACK RATE.
ACTIONS BY THE CITY COMMISSION:
1 AMEND THE ADOPTED TENTATIVE BUDGET, IF
NECESSARY
2. RECOMPUTE THE PROPOSED MILLAGE RATE, IF
NECESSARY
3. PUBLICLY ANNOUNCE THE PERCENT BY WHICH THE
RECOMPUTED PROPOSED MILLAGE RATE EXCEEDS THE ROLLED
BACK RATE.
4. ADOPT THE TENTATIVE MILLAGE RATE
5. ADOPT THE AMENDED TENTATIVE BUDGET
Reviewed and approved
ana A. ottigham
DDA Executive Director