Item Coversheet
      

5919 MAIN STREET .  NEW PORT RICHEY, FL 34652 . 727.853.1016


TO:City of New Port Richey City Council
FROM:Crystal S. Feast, Finance Director
DATE:9/15/2016
RE:First Public Hearing - FY2016-2017 Operating Budget - 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, solicit comments, about the proposed millage rate and also provide the opportunity to review a proposed budget and proposed capital improvement plan. The City Council should approve two separate resolutions which will move the budget process forward to a second and final hearing on the millage rate and the budget.



DISCUSSION
:

At the Public Hearing, the Mayor will announce the formal procedures which must be followed to maintain compliance with Florida's laws and rules.  The proposed millage rate is below the rollback rate; therefore, this process is simplified as the rules are in place to guarantee compliance when the effective tax rate increases. It is still recommended that the City follow the proper protocol to remain in good standing with the Florida Department of Revenue and their property tax oversight role.  Hardcopies of the City's Proposed Operating Budget and Capital Improvement Plan will be available in the public library and distributed to City Council. Electronic versions will be posted to the City's website.



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 Operating Budget and Capital Improvement Plan can be approved. Finally, 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 2016-2017 budget is formally approved.

ATTACHMENTS:
DescriptionType
Proposed FY2016-2017 Operating BudgetBackup Material
Proposed 2016-2017 Capital Improvement PlanBackup Material
Resolution No. 2016-25, Adopting FY2016-2017 Tentative Operating Budget & Capital Improvement ProgramResolution Letter
Resolution No. 2016-31, Adopting Tentative Millage RateResolution Letter