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PUBLIC HEARING ITEM
FINAL PUBLIC HEARING TO DISCUSS THE PROPOSED MILLAGE
AND TENTATIVE BUDGET FOR FY 2007-2008 FOR 'THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY
RATE
PERCENTAGE INCREASE IN MILLAGE OVER ROLLED BACK RATE.
RESPONSE THIRTEEN AND 73 PERCENT (I.3.73%)
SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE:
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRA S
COST
S 537,988.53 100
CITY COMMISSION LISTENS AND RESPONDS TO CITIZENS CO IMENTS
REGARDING THE PROPOSED MILLAGE INCREASE AND EXPL4INS 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
NECESSARY
3. .PUBLICLY ANNOUNCE THE PERCENT BY WHICH TT
RECOMPUTED PROPOSED MILLAGE RATE EXCEED
ROLLED BACK RATE.
4. ADOPT THE FINAL MI.LLAGE RATE
5. ADOPT THE FINAL BUDGET OR THE AMENDED FIN'
BUDGET AS NECESSARY
ea'iewed and approved
a A. tting'am
DA Executive ►, irector
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TIIE
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