HomeMy WebLinkAboutDiscussion SheetPUBLIC HEARING ITEM
DISCUSSION OF PROPOSED MILLAGE RATE AND TENTATIVE BUDGET
FOR THE DOWNTOWN DEVELOPMENT AUTHORITY
PERCENTAGE INCREASE IN MILLAGE OVER ROLLED BACK RATE.
RESPONSE TWENTY AND 83"PERCENT (20.83%)
SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE:
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRAMS
COST
$ 581,593
OA
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 BUDGET, IF NECESSARY
2. RECOMPUTE THE PROPOSED MILLAGE RATE, IF
3. NECESSARY
4. PUBLICLY ANNOUNCE THE PERCENT BY WHICH THE
RECOMPUTED PROPOSED MILLAGE RATE EXCEEDS THE
ROLLED BACK RATE.
5. ADOPT THE FINAL MILLAGE RATE
6. ADOPT THE FINAL BUDGET
Reviewed and approved
D a A. N ' tin ham
DDA Executiv Director