HomeMy WebLinkAbout1998 09 14 Public Hearings Item A
COMMISSION AGENDA
ITEM
A
CONSENT
INFORMATIONAL
PUBLIC HEARING XX
REGULAR
September 14, 1998
Meeting
MGR /l.~ /DEPT.
Authorization
REQUEST: The City Manager is requesting the City Commission hold a Public Hearing
relative to the approval of Resolution No. 866, setting the Tentative Millage Rate at 3.600
Mils or an alternative rate the Commission deems appropriate and adoption of same, and
relative to the adoption of the first reading of Ordinance No. 705 establishing the Tentative
Budget for Fiscal Year 1998-1999.
PURPOSE: The purpose of this agenda item is to have the Commission approve Resolution
No. 866 establishing the Tentative Millage Rate at 3.600 mils or an alternative rate the
Commission deems appropriate.
CONSIDERATIONS:
The actions requested in this agenda item are necessary to comply with the Truth in
Millage Act and to approve desired changes to the budget subsequent to the Budget Workshops.
The Commission can reduce the millage further at the final budget hearing scheduled for
September 28, 1998.
On July 6, 1998 the Commission established the proposed millage rate at 3.6000 mils.
AL TERNA TIVES:
New %
Millage Revenue Tax
Rate Generated Increase
Roll Back Rate 3.5175 $114,607 .00%
Current Millage 3.6000 189,415 2.34%
Proposed Rate 3.5495 143,625 .91%
For comparison, a home with an assessed value of $1 00,000, the homeowners taxes
would reflect the following change.
Assessed value of $100,000
Assessed value of$100,000
Assessed value of$100,000
Millage
Rate
3.5175
3.6000
3.5495
Dollar
Increase
$ 0.00
8.25
3.20
0/0
Increase
.00%
2.34%
.91%
RECOMMENDATION:
1. The Commission hold a Public Hearing relative to adoption of the Tentative
Millage and Annual Budget for Fiscal Year 1999, and
a) Adopt Resolution No. 866 setting the Tentative Millage at 3.6000 mils, and at the
Final Budget hearing reduce the millage rate if so desired or an alternative rate the
Commission deems appropriate.
IMPLEMENTATION SCHEDULE:
Upon approval of the final budget hearing scheduled for September 28, 1998 the
Budget for Fiscal Year 1998 - 1999 would be implemented and become effective on
October 1, 1998.
ATTACHMENTS:
a. Resolution No. 866
COMMISSION ACTION:
RESOLUTION NO. 866
A RESOLUTION OF THE CITY OF WINTER SPRINGS,
FLORIDA, SETTING THE FINAL AD VALOREM TAX MILLAGE
RATE AT 3.6000 MILS FOR THE CITY OF WINTER SPRINGS,
FLORIDA, FOR THE FISCAL YEAR 1998-1999, SEVERABILITY,
CONFLICTS AND EFFECTIVE DATE.
WHEREAS, the City Commission of Winter Springs, Florida, pursuant to
the general laws of the State of Florida, must set the Final Ad Valorem Tax Millage for
the City of Winter Springs, Florida, and
WHEREAS, the City Commission deems it to be necessary and in the best
interest of the citizens of Winter Springs, Florida, to set the Final Ad Valorem Millage
rate at 3.6000 mils and thus continue the services now offered by the City as well as
provide funds for the continued growth of the City and to fund the budget for Fiscal Year
1998-1999, and
WHEREAS, the City Commission is required by law to state the percent,
if any, by which the millage rate to be levied exceeds the rolled back rate, and
characterize such as the percentage increase in property taxes adopted by the
Commission.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF WINTER SPRINGS, FLORIDA:
SECTION I: That pursuant to the General Laws of the State of Florida, the
Final Ad Valorem Tax millage rate is set at 3.6000 mills for the Fiscal Year October 1,
1998 and ending September 30, 1999 and said certified millage rate shall be forwarded to
the County Property Appraiser.
SECTION II: That the Final Ad Valorem millage rate of3.6000 mils is set
so that the City of Winter Springs, Florida, will be able to continue existing services and
provide for future growth and the City Commission deems it to be in the best interest of
the citizens of Winter Springs, Florida, and said 3.6000 mils be established as the Ad
Valorem Tax Millage rate to enable the City to completely fund the City's budget for the
Fiscal Year beginning October 1, 1998 and ending September 30, 1999.
SECTION III: That the Final Millage rate of3.6000 mils exceeds the
rolled back rate of 3.5175 mils by (.0825) mils and is in fact a 2.34% change in property
taxes.
SECTION IV: This Resolution shall remain in force until supplemented,
amended, repealed or otherwise altered.
SECTION V: All resolutions or parts of resolutions in conflict with this
resolution are hereby repealed.
SECTION VI: This resolution shall take immediate effect upon its passage
and approval.
PASSED AND ADOPTED this
Day of
1998.
CITY OF WINTER SPRINGS
PAUL P. PARTYKA, MAYOR
ATTEST:
CITY CLERK