TO: Mayor and Commission AGENDA DATE: 9/4/2024
FROM: City Manager AGENDA ITEM: 3 - B
SUBJECT:
Title
Public Hearing - Resolution No. 2024-47, Adopting the Tentative Annual Budget - Annual Budget for FY 2024/2025.
Strategic Goal: Effective Governance and Productive Government
Body
LOCATION:
Citywide
COST:
$147,080,100 Citywide
SOURCE OF FUNDS:
Fiscal Year 2024/2025 Annual Budget
ORIGINATING DEPARTMENT:
Finance Department
POTENTIAL MOTION:
Recommendation
“I move to approve Resolution No. 2024-47 adopting the Tentative Budget for Fiscal Year 2024/2025.”
END
BACKGROUND:
Background
State law requires that the City hold a public hearing on the tentative budget and processed the millage rate between 65 and 80 days from the date (July 1, 2024) of certification of taxable value provided by the Property Appraiser. This hearing was publicized via the TRIM Notice mailed by the County Property Appraiser on or about August 21, 2024.
At this hearing, the City:
• May amend the tentative budget and re-compute its tentative millage rate, and publicly announce the percent, if any, by which the recomputed tentative millage exceeds the rolled-back rate.
• Will adopt a tentative millage (Resolution No. 2024-46) and budget (Resolution No. 2024-47), in that order.
• The adopted tentative millage and budget will be used to advertise the final hearing scheduled for September 16, 2024.
End