HomeMy WebLinkAbout2020 07 13 Regular 500 - Budget Overview and Proposed Operating Millage Rate for Fiscal Year 2020-2021 • REGULAR AGENDA ITEM 500
Incnrinreted CITY COMMISSION AGENDA I JULY 13, 2020 REGULAR MEETING
1959
TITLE
Budget Overview and Proposed Operating Millage Rate for Fiscal Year 2020-
2021
SUMMARY
Staff requests the City Commission receive the Fiscal Year 2021 Budget
Overview and consider approval of Resolution 2020-13 regarding the
information to be communicated to the Property Appraiser on the DR-420
forms which sets the proposed Operating Millage Rate, establishes the
Rolled-Back Rate; and sets the date, time and place for the Public Hearing to
consider the Proposed Millage Rate and Tentative Budget.
The FY 2019-2020 (current) millage rate consists of an Operating Millage Rate
of 2.4300 mills. The FY 2020-2021 Proposed Budget as transmitted by the City
Manager on July 1, 2020, incorporated an Operating Millage Rate of 2.4100.
Gross taxable value from the Property Appraiser (inclusive of new
construction and annexations) as reflected on the DR-420 is $2,717,747,990,
which is 8.3% more than the DR-403 valuation for FY 2019-2020.
FY 19/20 FY 20/21 Change
Operating Millage Rate 2.43 2.41 (0.02)
The Resolution also establishes the Rolled-back Millage Rate at 2.3124 mills as
calculated on form DR-420. The Rolled-back Millage Rate is that rate which
produces the same amount of taxes as levied in the prior year when
calculated against the current year's tax base exclusive of new construction.
The Proposed Operating Millage Rate of 2.4100 is 4.22% more than the
calculated Rolled-back Millage Rate. The Resolution sets the date, time and
place of the Public Hearing to consider the Proposed Millage Rate and
Tentative Budget - September 14, 2020 at 6:30 PM at 1126 East State Road
434, Winter Springs, Florida (Commission Chambers). This meeting time
cannot change once it has been reported as such on the DR-420.
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RECOMMENDATION
Staff recommends the City Commission adopt Resolution 2020-13 setting the
Proposed Operating Millage Rate at 2.4100 mills and establishing the Rolled-
Back Millage Rate at 2.3124 mills. Additionally, staff recommends the City
Commission establish the date, time and place for a Public Hearing regarding
the Proposed Millage Rate and Tentative Budget as September 14, 2020 at
6:30 PM at 1126 East State Road 434, Winter Springs, Florida.
480
RESOLUTION NUMBER 2020-13
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK
RATE; COMPUTING A PROPOSED MILLAGE RATE (CAP); AND
SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO
CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE
BUDGET FOR FISCAL YEAR 2020-2021; PROVIDING FOR REPEAL OF
PRIOR INCONSISTENT RESOLUTIONS; SEVERABILITY; AND AN
EFFECTIVE DATE.
WHEREAS,Florida Statute 200.065 (2)(a) 1 expressly provides that municipalities shall
compute a proposed millage rate; and
WHEREAS, Florida Statute 200.065 (4) (b) requires that within 35 days of certification
of value, each taxing authority shall advise the property appraiser of its proposed millage rate, of
its rolled-back rate, and of the date, time, and place at which a public hearing will be held to
consider the proposed millage rate and the tentative budget; and
WHEREAS, Florida Statute 200.065 (4) (c) further requires that within 80 days of
certification of value, but not earlier than 65 days after certification, the governing body of each
taxing authority shall hold a public hearing on the tentative budget and proposed millage rate; and
WHEREAS, the City Commission of the City of Winter Springs deems that this
Resolution is in the best interest of the public health, safety, and welfare of the citizens of Winter
Springs.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, SEMINOLE COUNTY,FLORIDA,AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct
and are hereby fully incorporated by this reference.
Section 2. Proposed Millage Rate. The proposed operating millage rate for the City of
Winter Springs,Florida for the Fiscal Year 2020-2021 is set at 2.4100 mills which is 4.22%greater
than the computed aggregate rolled-back rate of 2.3124 mills.
Section 3. Public Hearing. A public hearing shall be held in the City Commission Chambers
located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on September 14, 2020
at 6:30 P.M. to consider the adoption of the proposed millage rate and the tentative budget for
Fiscal Year 2020-2021.
Section 5. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith are hereby repealed to the extent of the conflict.
City of Winter Springs,Florida
Resolution 2020-13
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Section 6. Severability. If any section, subsection, sentence, clause, phrase, word, or
portion of this Resolution is for any reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate, distinct and independent
provision and such holding shall not affect the validity of the remaining portion hereto.
Section 7. Effective Date. This Resolution shall become effective immediately upon
adoption by the City Commission of the City of Winter Springs, Florida.
RESOLVED by the City Commission of the City of Winter Springs, Florida in a regular
Commission meeting assembled on the 13th day of July, 2020.
Charles Lacey,Mayor
ATTEST:
Christian Gowan,Interim City Clerk
Approved as to legal form and sufficiency for
the City of Winter Springs only:
Anthony A. Garganese, City Attorney
City of Winter Springs,Florida
Resolution 2020-13
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