The URL can be used to link to this page

Home My WebLink About2019 09 09 Public Hearing 401 - FY 2019-2020 Tentative Millage Rate PUBLIC HEARINGS AGENDA ITEM 401 1959 CITY COMMISSION AGENDA I SEPTEMBER 9, 2019 1 REGULAR MEETING TITLE FY 2019-2020 Tentative Millage Rate SUMMARY The City Manager is requesting that the City Commission hold a Public Hearing relative to the approval of Resolution 2019-14, which establishes the Tentative Operating Millage Rate for Fiscal Year 2019-2020 for the City of Winter Springs at 2.4300 mills which is 6.72% more than the rolled-back rate of 2.2770 mills and discontinues the Tentative Voted Debt Service Millage Rate for Fiscal Year 2019- 2020 for the City of Winter Springs. • The operating millageforthecurrentfiscalyear 2018-2019 is 2.4300 mills. The voted debt service millage for the current fiscal year2018-2019 is 0.0300 mills. • The fiscal year 2019-2020 Proposed Budget incorporated an operating millage rate of 2.4300 mills and eliminated the voted debt service rate in its entirety. On July 8, 2019, the Commission established the 2019-2020 proposed operating millage rate (millage cap) at 2.4300 mills. • The proposed operating millage rate of 2.4300 mills assubmitted on the DR- 420 is 6.72% more than the rolled-back rate of 2.2770 mills. Resolution 2019- 14will establish the 2019-2020 tentative millage rate. It is recommended that the tentative operating millage rate not vary from the proposed operating millage rate of 2.4300 mills and that the voted debt millage rate be discontinued in its entirety. • Any subsequent revisions by the City Commission to the tentative millage rates and/or the tentative budget will be reflected in the Final Millage and Final Budget Hearings scheduled for September 23, 2019 at 6:30 p.m. However, the tentative operating millage rate that is established tonight cannot be exceeded at the final hearing. As such, it is recommended that the Commission set the tentative operating millage rate equivalent to the proposed operating millage cap of 2.4300 mills. The Commission may reduce the operating millage rate at the final hearing. The decision to levy an operating millage rate of 2.4300 mills as opposed to the rolled-back rate of 2.2770 mills will result in additional ad valorem General Fund revenue of$369,793 (net of statutory discount). In August, each property owner was notified of this public hearing via the TRIM (Truth in Millage) notice as distributed by the Seminole County Property Appraiser. Upon approval and adoption of Resolution 2019-14, the appropriate advertising will run in the Orlando Sentinel on September 19, 2019 which will reflect the tentative millage rate for Fiscal Year 2019-2020 and announce the final Public Hearing for September 23, 2019 at 6:30 p.m. RECOMMENDATION Staff recommends that the Commission adopt Resolution 2019-14 establishing the tentative operating millage rate at 2.4300 mills and discontinuing the voted debt service millage rate in its entirety for fiscal year 2019-2020 and authorizing the City to advertise in a newspaper of general circulation the City's intent to hold public hearings to adopt final millage rates and final budget in compliance with Florida Statute 200.063. Sample Motion: I move to approve Resolution 2019-14 establishing the tentative fiscal year 2019- 2020 operating millage rate for the City of Winter Springs at 2.4300 mills and to discontinue the voted debt service millage rate in its entirety; announcing that the operating millage rate of 2.4300 mills is 6.72% greater than the rolled-back rate of 2.2770 mills and authorizing advertisement of the City's intent to hold public hearings to adopt the final millage rates and budget. RESOLUTION 2019-14 A RESOLUTION OF THE CITY COMMISSION OF WINTER SPRINGS, FLORIDA, ADOPTING THE TENTATIVE OPERATING MILLAGE RATE FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2019 AND ENDING ON SEPTEMBER 30, 2020; ANNOUNCING THE PERCENTAGE BY WHICH THE TENTATIVE OPERATING MILLAGE RATE IS MORE THAN THE ROLLED-BACK RATE; PROVIDING FOR REPEAL OF PRIOR INCONSISTENT RESOLUTIONS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City Commission of the City of Winter Springs has held a public hearing on the tentative millage rates pursuant to Florida Statute 200.065, Subparagraph (c); WHEREAS, the City Commission of Winter Springs desires to adopt the tentative operating millage rate and publicly announce the percentage change by which the tentative proposed operating millage rate is more than the rolled-back rate; 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; and WHEREAS, the gross taxable value for operating purposes not exempt from taxation within Winter Springs has been certified by the Seminole County Property Appraiser to the City of Winter Springs as $2,517,669,920. 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. The City Commission adopts its tentative operating millage rate of 2.4300 for the fiscal year commencing October 1, 2019 and ending September 30, 2020. The voted debt millage rate has been discontinued. Section 3. The tentative operating millage rate of 2.4300 mills is more than the computed rolled-back rate of 2.2770 by 6.72%. Section 4. Within fifteen(15)days of the date of this Resolution,the Finance Department shall advertise in a newspaper of general circulation its intent to finally adopt the millage rates and City of Winter Springs, Florida Resolution 2019-14 Page 1 of 2 budget and shall hold a public hearing to adopt the millage rates and finalize the budget not less than two (2) days or more than five (5) days after the date the advertisement is first published. 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. 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 meeting assembled on this 9th day of September, 2019. Charles Lacey, Mayor ATTEST: Andrea Lorenzo-Luaces, 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 2019-14 Page 2 of 2