Item Coversheet
      

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


TO:City of New Port Richey City Council
FROM:Debbie L. Manns, City Manager
DATE:9/25/2018
RE:Final Public Hearing - Resolution No. 2018-20: Adopting Final Millage Rate - Page 3

REQUEST:
The request is for City Council to conduct a final public hearing to adopt Resolution No. 2018-20 setting the final millage rate at 8.9000 mills for the upcoming fiscal year.


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.

 

On September 6, 2018, City Council conducted the first public hearing on the proposed FY18/19 Budget.  At that time, City Council established a tentative millage rate of 8.9000 mills. The purpose of this agenda item is to adopt the millage rate for the upcoming year at 8.9000 mills.



RECOMMENDATION:

Staff recommends that City Council conduct the second and final public hearing on Resolution No. 2018-20 which will adopt the final millage rate of 8.9000 mills.

BUDGET/FISCAL IMPACT:

No funding is required for this item.
ATTACHMENTS:
DescriptionType
Resolution No. 2018-20: Adopting Final Millage Rate Resolution Letter