HomeMy WebLinkAbout2024 07 15 Regular 500 Budget Overview Millage Rate 2024-2025REGULAR AGENDA ITEM 500
CITY COMMISSION AGENDA | JULY 15, 2024 REGULAR MEETING
TITLE
Budget Overview and Proposed Operating Millage Rate for Fiscal Year 2024-2025
SUMMARY
Staff requests the City Commission receive the Fiscal Year 2025 Budget Overview and
consider approval of Resolution 2024-12 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 2023-2024 (current) millage rate consists of an Operating Millage Rate of
2.4100 mills. The FY 2024-2025 Proposed Budget as transmitted by the City Manager
on June 28, 2024 incorporated and Operating Millage Rate of 2.6200. Gross taxable
value from the Property Appraiser (inclusive of new construction and annexations) as
reflected on the DR-420 is $3,745,597,673 which is 8.2% more than the DR-403
valuation of FY 2023-2024.
Operating Millage Rate FY23/24 FY24/25 Change
2.4100 2.6200 8.71%
The resolution also establishes the Rolled-Back Millage Rate at 2.2394 mills 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 17% 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 9, 2024 at 6:30PM at 1126 East State Road 434,
Winter Springs Florida (Commission Chambers). The meeting time cannot change once
it has been reported as such on the DR-420.
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For reference the electronic version of the budget can be found on the City Website at:
https://www.winterspringsfl.org/finance/page/annual-budget-reports
FUNDING SOURCE
RECOMMENDATION
Staff recommends the City Commission adopt Resolution 2024-12 setting the
Proposed Operating Millage Rate at 2.6200 mills and establishing the Rolled Back
Millage Rate at 2.2394 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 9, 2024 at 6:30 PM at 1126 East State Road
434, Winter Springs, Florida.
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City of Winter Springs
Resolution No. 2024-12
Page 1 of 2
RESOLUTION NO. 2024-12
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 2024-2025; 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 (2) (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 (2) (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 2024-2025 is set at 2.6200 mills which is 17% greater than the
computed aggregate rolled-back rate of 2.2394 mills.
The millage rate for the City of Winter Springs for voted debt service has been discontinued
pursuant to Resolution. No. 2019-19.
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 9, 2024 at 6:30
P.M. to consider the adoption of the proposed millage rate and the tentative budget for Fiscal Year
2024-2025.
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City of Winter Springs
Resolution No. 2024-12
Page 2 of 2
Section 4. 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 5. 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 6. 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 15th day of July, 2024.
______________________________
Kevin McCann, Mayor
ATTEST:
_________________________________
Christian Gowan, City Clerk
Approved as to legal form and sufficiency for
the City of Winer Springs only:
__________________________________
Anthony A. Garganese, City Attorney
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