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HomeMy WebLinkAbout2008 09 22 Other - Referenced by Michele Greco during Public Hearings '500' Date: September 22, 2008 The attached document was referenced by Ms. Michelle Greco during the discussion of Public Hearings Agenda Item "500" at the September 22, 2008 City Commission Regular Meeting. Potential Operating Millage Increase FY 2006 TO 2008 No millage increase Preliminary Mgr Rec -2 Mgr Rec -1 Millage Cap Operating Millage 2.0338 2.2486 2.3897 2.6142 3.0338 County MSTU 2.3299 2.3299 2.3299 2.3299 2.3299 FY 2008 -2009 Operating Millage (Tax Yr 2008) 4.3637 4.5785 4.7196 4.9441 5.3637 FY 2006 -2007 Operating Millage (Tax Yr 2006) 4.2919 4.2919 4.2919 4.2919 4.2919 Operating millage rate increase over 2 years 0.0718 0.2866 0.4277 0.6522 1.0718 Percentage increase over 2 years 1.67% 6.68% 9.97% 15.20% 24.97% Sample taxable values: 1 Potential tax increase from FY 2006 -2007 to FY 2008 -2009 1 $100,000 $7 $29 $43 $65 $107 $200,000 $14 $57 $86 $130 $214 $300,000 $22 $86 $128 $196 $322 $400,000 $29 $115 $171 $261 $429 $500,000 $36 $143 $214 $326 $536 $600,000 $43 $172 $257 $391 $643 $700,000 $50 $201 $299 $457 $750 $800,000 $57 $229 $342 $522 $857 $900,000 $65 $258 $385 $587 $965 $1,000,000 $72 $287 $428 $652 $1,072 $2,000,000 $144 $573 $855 $1,304 $2,144 $3,000,000 $215 $860 $1,283 $1,957 $3,215 $4,000,000 $287 $1,146 $1,711 $2,609 $4,287 $5,000,000 $359 $1,433 $2,139 $3,261 $5,359 U: \Docs \TRIM \Millage - misc data, info \FY 2009; Tax Yr 2008 \Tax Yr 2006 to 2008 analysis