(6)(a)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 08/16/2023
- Title:
- Notice of Public Hearing on Tax Increase
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST
Public hearing to hear citizens' opinions in favor of or in opposition to the proposed 2023 tax rate of $0.49 per $100 valuation.
BACKGROUND (Brief Summary)
Public hearing to hear citizens' opinions in favor of or in opposition to the proposed 2023 tax rate of $0.49 per $100 valuation. This rate exceeds the no-new-revenue tax rate of $0.479020 per $100 valuation, but is less than the voter-approval tax rate of $0.636316 per $100 valuation.
The proposed rate is the same as the 2021 tax rate and 2022 tax rate.
The proposed rate is the same as the 2021 tax rate and 2022 tax rate.
RECOMMENDATION
Due to anticipated cost increases due to inflation and contractual obligations, management is recommending approval of the proposed tax rate of $0.49 per $100 of property value.