Item Coversheet
      

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


TO:City of New Port Richey City Council
FROM:Peter Altman, Finance Director
DATE:9/9/2015
RE:First Budget Public Hearing, Page 9

REQUEST:
To adopt a millage rate and 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 2015-2016 budget is formally approved.
ATTACHMENTS:
DescriptionType
Resolution 2015-13 Tentative Millage RateExhibit
Resolution 2015-14 Tentative Operating Budget and CIPExhibit