| | | | | | | |  |  | 5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016 |
| TO: | City of New Port Richey City Council | | FROM: | Crystal M. Dunn, Finance Director | | DATE: | 9/12/2024 | | RE: | First Public Hearing - FY24-25 Operating Budget & Capital Improvement Program - Page 3 |
REQUEST:
In order to adopt a millage rate and operating budget, all taxing authorities must hold two public hearings. The City Council is requested to open a public hearing on the budget and solicit comments. Once all comments are made and discussion is complete, staff requests the hearing to be recessed until Wednesday, September 18, 2024 at 6PM, at which time a continuation of the Tentative Budget hearing will take place.
DISCUSSION:
At the continuation of the Public Hearing, the Mayor will announce the formal procedures, which must be followed in order to maintain compliance with Florida's laws and rules.
A total of 4 work sessions have been held to go over the Operating Budget and Capital Improvement Program. These work sessions provided an opportunity for City Council and the public to have an open discussion on what is being proposed and to recommend changes. Staff has worked through the budgeting process and encountered several technical and calculation issues. During the continuation of the meeting the proposed millage rate will be presented with the rollback rate. Hardcopies of the City's Proposed Budget and Capital Improvement Plan will be made available in the public library, on the City’s website, and hardcopies will be distributed to City Council.
RECOMMENDATION:
After receiving comments and questions from the public and full discussion and consideration of the City's proposed budget, staff will be prepared to make any changes or modifications that the City Council desires, so that the resolutions adopting the tentative millage rate and the tentative Budget and Capital Improvement Program can be approved. Additionally, a motion setting the final Public Hearing date and time, will enable staff to publish the advertisements required and meet the TRIM timetable.
BUDGET/FISCAL IMPACT:
The impact of this action will not become final until a second public hearing is held and the fiscal 2024-2025 budget is formally adopted. | | | |
| ATTACHMENTS: | | Description | Type | | No Attachments Available |
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