07/10/1991 - Special
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AGENDA
City Commission Special Meeting
July 10, 1991 9:00 A.M.
1. Call to Order
2. Ad Valorem Tax Millage Rate
for Fiscal Year 1991/92 and
set Public Hearings on the
Budget for 8/15/91 & 9/5191
3. Adjournment
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Clearwater City Commission
Agenda Cover Memorandum
Item"
Meeting Date: 7/10/91
Subject:
Ad Valorem Tax Millage Rate for Fiscal Year 1991/92
Recommendation/Motion:
Adopt a tentative millage rate of 5.2037 mills for fiscal year 1991/92 and set Public Hearings on the Budget
for August 15, 1991 and September 5, 1991 to be held no earlier than 6:00 PM
X and that the appropriate officials be authorized to execute same.
BACKGROUND:
In accordance with the TRIM Bill process, it is necessary for the City Commission to adopt a tentative millage
rate prior to finalizing and adopting the Budget. The tentative millage rate will be included in the TRIM notices
sent to taxpayers by the County Property Appraiser in early August and can not be increased without special
mailing; however, the millage rate may be decreased prior to the adoption of the fmal budget following
Public Hearings in September.
The City Manager's Recommended millage rate of 5.2037 mills is the same as the current year rate. If the
recommended 5.2037 mills rate is approved, all advertising requirements will indicate a tax increase of 1.7%
over the roll back rate of 5.1158 mills. The roll back rate according to the State's definition, is the millage rate
exclusive of new construction, additions to structures, deletions and property added due to geographic boundary
changes, which will provide the same ad valorem tax revenue as was levied the prior year.
In order to avoid any advertised increase, the rate of 5.1158 mills would have to be adopted, generating
$20,564,518 and requiring a $353,342 reduction in the,recommended budget.
Reviewed by: Originating Dept: Costs: N/A Commission Action:
Legal Administrative Serviccs, Total Approved
Budget t~ Approved w/c:onditions
PurchlUling N/A User Dept: Denied
Risk Mgmt. N/A Currcnt FY Continued to:
DIS N/A Funding Source:
ACM ~y Advertised: _ Capital Imp. Attachments:
Other DalC: _ Operating
Paper: Othcr
Submitted by: .x Not Required
Affected Partica Appropriation Cod'J:
.x Notified
City _ Not Required None
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