 |  | 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: | 9/23/2015 | | RE: | Public Hearing on Final Millage Rate and Resolution 2015-18, Page 11 |
REQUEST:
Hold a Public Hearing to allow for input on the Millage Rate. After the Public Hearing, the City Council will adopt a millage rate which will establish the amount of ad valorem taxes to be assessed on the tax roll and set the amount of revenue to be provided to the City's General Fund and also the amount to be provided to the CRA for redevelopment activities.
DISCUSSION:
At the initial Public Hearing on the budget, the City Council asked staff to identify areas of the budget that could be trimmed to provide for a reduction of the millage rate. At the meeting, staff will have alternatives for the City Council to consider. After discussion, it will be up to the City Council to set the millage rate for the 2015/2016 Fiscal Year.
RECOMMENDATION:
Adopt a millage rate to provide for the opportunity for the City to proceed with its budget process.
BUDGET/FISCAL IMPACT:
This will establish the amount of property taxes to be available for budget purposes. | | | |