The attached Resolution will establish a tentative millage rate and the date, time, and place of the first public hearing on the levy of the proposed FY2024-2025 Operating Budget for purposes of public notification under the Florida TRIM Statutes. The Pasco County Property Appraiser must be provided this information on or before August 4, 2024.

Under the TRIM (Truth in Millage) Statute, all property owners are to be notified of this proposed levy by a mailing from the Pasco County Property Appraiser. The City Council may subsequently reduce this millage but cannot increase the levy without an additional public notification to all city property owners. Practically, this resolution establishes the maximum property tax levy for the next tax year.

Staff recommends setting the tentative millage at 8.4000, which matches the City’s current millage rate. At this time, it is still staff's intention to include a lower millage rate as part of the Preliminary FY24-25 Operating Budget. However, setting the tentative millage at 8.4000 is a conservative approach and will allow for more flexibility as city staff work through final budget reviews.

The first public hearing on the tentative budget and millage rate has been scheduled for Thursday, September 10, 2024 at 6 p.m., in the City Council Chambers, 5919 Main Street, New Port Richey, FL 34652, which will not conflict with School Board and County public hearing dates.