| | | | | | | |  |  | 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: | 9/25/2017 | | RE: | Final Public Hearing - FY18 Operating Budget & Capital Improvement Program - Page 3 |
REQUEST:
The City Council is requested to open the second and final public hearing on the proposed millage rate, Operating Budget, and Capital Improvement Program for FY 2017-2018. This hearing will also provide the City Council with the opportunity to perform a final review of the proposed Operating Budget and Capital Improvement Program.
DISCUSSION:
At 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. 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 have been made available in the public library and on the City’s website. Copies have also been 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 final millage rate and the final Operating Budget and Capital Improvement Plan can be approved.
BUDGET/FISCAL IMPACT:
If adopted, the FY 2017-2018 Operating Budget and Capital Improvement Program will serve as the City’s spending plan for the ensuing fiscal year. | | | |
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