File #: 25-6323    Version: 1 Name: Adopting a Tentative Millage Rate FY 25-26
Type: Resolution Status: Agenda Ready
File created: 8/21/2025 In control: Special Council Meeting
On agenda: 9/3/2025 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 2025-2026 IN THE AMOUNT OF 1.7166 MILLS, WHICH IS 8.13% GREATER THAN THE ROLLED-BACK RATE, TO BALANCE THE GENERAL FUND FOR FISCAL YEAR 2025-2026; ESTABLISHING THE ROLLED BACK RATE TO BE 1.5875 MILLS; ESTABLISHING AND ADOPTING THE DEBT SERVICE MILLAGE RATE FOR FISCAL YEAR 2025-2026 IN THE AMOUNT OF .4810 MILLS FOR THE GENERAL OBLIGATION BONDS PARKS 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. 008-2025 - TRIM (July), 3. Exhibit B - 2025 Certification of Taxable Value July 1st Estimate, 4. Exhibit C - Assessment Roll 2025 June 1st Estimate, 5. Exhibit D - Millage Alternatives provided to Council FY 2026, 6. Res. No. 25-Adopting a Tentative Millage Rate FY 25-26
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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 2025-2026 IN THE AMOUNT OF 1.7166 MILLS, WHICH IS 8.13% GREATER THAN THE ROLLED-BACK RATE, TO BALANCE THE GENERAL FUND FOR FISCAL YEAR 2025-2026; ESTABLISHING THE ROLLED BACK RATE TO BE 1.5875 MILLS; ESTABLISHING AND ADOPTING THE DEBT SERVICE MILLAGE RATE FOR FISCAL YEAR 2025-2026 IN THE AMOUNT OF .4810 MILLS FOR THE GENERAL OBLIGATION BONDS PARKS AND RECREATION PROJECTS, SERIES 2019 AND SERIES 2021; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE