TO: Mayor and Commission AGENDA DATE: 9/20/2021
FROM: John Peters III, Acting City Manager AGENDA ITEM: 6 - A
SUBJECT:
Title
Public Hearing - Resolution No. 2021-51, Adopting the Final Millage Rate for the levy of ad valorem taxes for Fiscal Year 2021/2022 - Mari Leisen, Deputy Finance Director (386) 878-8553.
Strategic Goal: Fiscal Issues
Body
LOCATION:
City-wide
BACKGROUND:
Background
State law requires that the City hold a public hearing to adopt the final millage rate and budget.
At this hearing, the City will:
* First discuss the percentage increase in millage over the rolled-back rate. The proposed millage rate of 7.8500 reflects a 9.31% increase from the rolled-back rate.
* Adopt the millage rate (Resolution No. 2021-51) and budget (Resolution No. 2021-52) by separate vote, and in that order as required by State Law.
* Prior to adopting the millage-levy resolution, the name of the taxing authority (City of Deltona, Florida), the rolled-back rate (7.1812), and the percentage increase compared to the rolled-back rate (9.31% increase), and the millage rate to be levied (7.8500) must be publicly announced.
Upon approval of this item authorizes any and all necessary actions, documents or budget transfers to facilitate Commission approval and further authorizes the Acting City Manager to sign any documents necessary to further Commission approval of this item.
End
COST:
N/A
SOURCE OF FUNDS:
N/A
ORIGINATING DEPARTMENT:
Finance
STAFF RECOMMENDATION PRESENTED BY:
Mari Leisen, Deputy Finance Director - Staff recommends approval of Resolution No. 2021-51 adopting the Final Millage Rate for the levy of ad valorem taxes for Fiscal Year 2021/2022.
POTENTIAL MOTION:
Recommendation
"I move to approve Resolution No. 2021-51 adopting the Final Millage Rate for the levy of ad valorem taxes for Fiscal Year 2021/2022. Upon approval of this item authorizes any and all necessary actions, documents or budget transfers to facili...
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