File #: 24-5852    Version: 1 Name: Adopting a Tentative Millage Rate FY 24-25
Type: Discussion Item Status: Agenda Ready
File created: 8/21/2024 In control: Special Council Meeting
On agenda: 9/3/2024 Final action:
Title: A RESOLUTION OF THE MAYOR AND THE CITY COUNCIL OF THE CITY OF DORAL, FLORIDA, ESTABLISHING AND ADOPTING A TENTATIVE MILLAGE RATE AND LEVY OF AD VALOREM TAXES FOR FISCAL YEAR 2024-2025 IN THE AMOUNT OF 1.7166 MILLS, WHICH IS 9.93% GREATER THAN THE ROLLED-BACK RATE, TO BALANCE THE GENERAL FUND FOR FISCAL YEAR 2024-2025; ESTABLISHING THE ROLLED BACK RATE TO BE 1.5615 MILLS; ESTABLISHING AND ADOPTING THE DEBT SERVICE MILLAGE RATE FOR FISCAL YEAR 2024-2025 IN THE AMOUNT OF .4810 MILLS FOR THE GENERAL OBLIGATION BONDS PARK AND RECREATION PROJECTS, SERIES 2019 AND SERIES 2021; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE
Sponsors: Finance
Attachments: 1. Memo, 2. Exhibit A - LTC No. 021-2024 Truth in Millage (TRIM), 3. Exhibit B - Certification of Taxable Value, 4. Exhibit C - Assessment Roll, 5. Exhibit D - Millage alternatives Provided to Council FY 2025, 6. Res. No. 24-Adopting a Tentative Millage Rate FY 24-25
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Title

A RESOLUTION OF THE MAYOR AND THE CITY COUNCIL OF THE CITY OF DORAL, FLORIDA, ESTABLISHING AND ADOPTING A TENTATIVE MILLAGE RATE AND LEVY OF AD VALOREM TAXES FOR FISCAL YEAR 2024-2025 IN THE AMOUNT OF 1.7166 MILLS, WHICH IS 9.93% GREATER THAN THE ROLLED-BACK RATE, TO BALANCE THE GENERAL FUND FOR FISCAL YEAR 2024-2025; ESTABLISHING THE ROLLED BACK RATE TO BE 1.5615 MILLS; ESTABLISHING AND ADOPTING THE DEBT SERVICE MILLAGE RATE FOR FISCAL YEAR 2024-2025 IN THE AMOUNT OF .4810 MILLS FOR THE GENERAL OBLIGATION BONDS PARK AND RECREATION PROJECTS, SERIES 2019 AND SERIES 2021; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE