HomeMy WebLinkAboutMillage Discussion 9/28/06' SIW. 13 2006 3:06PM MIAM DEA 3053712423 P.2
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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 NINETEEN AND 88t PERCENT (19.88%)
SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE
BEING INCREASED.
RESPONSE:
PURPOSE: DOWNTOWN ECONOMIC DEVELOPMENT PROGRAMS
COST
$ 730,859.01 100
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
NECESSARY
3. PUBLICLY ANNOUNCE THE PERCENT BY WHICH THE
RECOMPUTED PROPOSED MILLAGE RATE EXCEEDS THE
ROLLED BACK RATE.
4. ADOPT THE FINAL MILLAGE RATE
5. ADOPT THE FINAL BUDGET
Reviewed and approved
i ana A. ott gham
DDA Executi e Director