Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 9/20/2017 
Agenda Category:ORDINANCE ON SECOND READING
Subject: 

An ordinance to adopt the millage rate of 8.4520 on second and final reading for FY 2017-2018

Recommendation/Motion: Adopt the millage rate of 8.4520 for FY 2017-2018.
Originating Dept Finance   Costs  
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Background/Summary: 

Florida Statute 200.065 requires the City to hold two public hearings in the month of September to adopt the millage rate and the budget.  The millage rate that is being presented is 8.4520 mills, which is the same millage rate as current year.  This millage rate is a 2.17% increase from the calculated rolled-back rate of 8.2725 mills.  The millage rate is anticipated to generate $40.933 million in ad valorem tax revenues, $5.4 million will be remitted to the CRA for their annual TIF payment.

 

The First Reading of the Ordinance was held on September 7, 2017.

 
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B. Purchasing/Intergovernmental Relations/Grants Comments:
 
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ATTACHMENTS:
File NameDescriptionUpload DateType
FY_2018_-_ORDINANCE_MILLAGE_RATE.docMILLAGE RATE ORDINANCE 9/12/2017Cover Memo
REVIEWERS:
DepartmentReviewerActionDate
Financesherman, randyApproved9/12/2017 - 4:16 PM
PurchasingAnswererApproved9/12/2017 - 5:16 PM
Financesherman, randyApproved9/13/2017 - 3:56 PM
AttorneyBusby, Lina Approved9/13/2017 - 3:56 PM
City ClerkRobinson, ClaudeneApproved9/13/2017 - 4:51 PM
City ManagerAnswererApproved9/13/2017 - 5:07 PM