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PUBLIC HEARING ITEM
DISCUSSION OF PROPOSED MILLAGE RATE AND TENTATIVE BUDGET FOR
THE DOWNTOWN DEVELOPMENT AUTHORITY
A. PERCENTAGE INCREASE IN MILLAGE OVER ROLLED BACK RATE.
RESPONSE: FOURTEENTH PERCENT (14%)
B. SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES
ARE BEING INCREASED.
RESPONSE
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRAMS
COST . %
$238,230.00 100
C. 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.
D. 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