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HomeMy WebLinkAbout2025 09 22 Public Hearing 400 - Final Millage Rate FY 2025-2026PUBLIC HEARINGS AGENDA ITEM 400 CITY COMMISSION AGENDA | SEPTEMBER 22, 2025 REGULAR MEETING TITLE Final Millage Rate for Fiscal Year 2025-2026 SUMMARY On September 8, 2025 the City Commission adopted a tentative operating millage rate of 2.6200 mills. Tonight, the Commission will set the final operating millage rate which cannot exceed the tentative operating millage rate. The decision to levy an operating millage rate of 2.6200 mills as opposed to the rolled- back rate of 2.4730 mills will result in additional ad valorem General Fund revenue of $618,113 (net of statutory discount). FUNDING SOURCE RECOMMENDATION Staff recommends the City Commission adopt Resolution 2025-19, establishing the Final Operating Millage Rate for Fiscal Year 2025 - 2026 for the City of Winter Springs at 2.6200 mills which is 5.94% more than the rolled back rate of 2.4730 mills. A 'sample' motion which includes the necessary elements for statutory compliance is as follows: I move to adopt Resolution 2025-19 establishing the Fiscal Year 2025-2026 operating millage rate for the City of Winter Springs at 2.6200 mills and publicly announce that the final operating millage rate of 2.6200 mills is 5.94% greater than the computed rolled-back rate of 2.4730 mills. 4 RESOLUTION 2025-19 A RESOLUTION OF THE CITY COMMISSION OF WINTER SPRINGS, FLORIDA, ADOPTING THE FINAL OPERATING MILLAGE RATE FOR THE CITY OF WINTER SPRINGS FOR THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2025 AND ENDING ON SEPTEMBER 30,2026; ANNOUNCING THE PERCENTAGE BY WHICH THE FINAL 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 of Seminole County, Florida on September 22, 2025, adopted the Fiscal Year 2025-2026 Final Millage Rate following a a public hearing as required by Florida Statute 200.065; WHEREAS, the City Commission of Winter Springs desires to adopt the final operating millage rate and publicly announce the percentage change by which the final 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 on line 4 of the DR420 as $3,983,473,295. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS: Section 1. Recitals. The foregoing recitals are deemed true and correct and are hereby fully incorporated by this reference. Section 2. Final Millage. The City Commission adopts its final operating millage rate of 2.6200 for the fiscal year commencing October 1, 2025 and ending September 30, 2026. Section 3. Rolled-back Rate. The final operating millage rate of 2.6200 mills is more than the computed rolled-back rate of 2.4730 by 5.94%. Section 4. Submissions. Within three (3) days of the date of this Resolution, the Finance Director shall forward the Resolution adopting the final millage rate to the Seminole County Property Appraiser and the Seminole County Tax Collector City of Winter Springs, Florida Resolution 2025-19 Page 1 of 2 5 City of Winter Springs, Florida Resolution 2025-19 Page 2 of 2 Section 5. Certificate of Compliance. Within thirty (30) days of the date of this Resolution, the Finance Director shall certify compliance with Chapter 200, Florida Statutes by causing the Certification of Compliance, along with all necessary documentation, to be sent to the Property Tax Administration of the Department of Revenue. Section 6. 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 7. 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 8. 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 22nd day of September 2025. Kevin McCann, Mayor ATTEST: Christian Gowan, City Clerk Approved as to legal form and sufficiency for The City of Winter Springs only: Anthony A. Garganese, City Attorney 6