1.I.
Agenda Items
7/14/2021  | CITY OF BOYNTON BEACH
AGENDA ITEM REQUEST FORM |
| REQUESTED ACTION BY COMMISSION: Proposed Resolution No. R21-075 - Adopt a Proposed Millage Rate of 7.9 mills. | | EXPLANATION OF REQUEST: Pursuant to Florida Statute 200.065(2)(b) it is the responsibility of the Municipality's governing body to advise the Property Appraiser of its, proposed millage rate, rolled-back millage rate, and the date, time and place of the first public hearing at which the proposed millage rate and tentative budget will be considered.
Through the FY 2021-22 budget workshop staff will discuss both the proposed millage rate of 7.9 mills along with the rolled-back rate of 7.6365. | | HOW WILL THIS AFFECT CITY PROGRAMS OR SERVICES? Maintaining the current millage rate allows the City to provide a balanced budget without the use of fund balance. The rolled-back rate provides a budget deficit of $1,174,643.00 that would need to be supplemented by the use of fund balance. | | FISCAL IMPACT: Ad Valorem taxes anticipated would be $43,092,269 maintaining the current 7.9 mills. | | ALTERNATIVES: | | STRATEGIC PLAN: | | STRATEGIC PLAN APPLICATION: |
| | | |