title
RESOLUTION TO ESTABLISH A PROPOSED MILLAGE RATE (B)
A Resolution of the City Commission of the City of Gainesville, Florida; relating to the levy of general municipal purpose ad valorem taxes for the 2004-2005 fiscal year; establishing a proposed millage rate; establishing a public hearing; providing for notice to the Alachua County Property Appraiser; providing an immediate effective date.
explanation
Section 200.065 of the Florida Statutes requires the City Commission to advise the Property Appraiser of its rolled-back millage rate, its proposed millage rate, and of the time, date, and place at which a public hearing will be held to consider the proposed millage rate and the proposed tentative budget.
The estimated ad-valorem tax revenues as presented in the FY 2005 proposed financial and operating plan include no change in the current millage rate of 4.9416 mills.
fiscal
By retaining the current millage rate of 4.9416, and not rolling back to 4.7394 mills, revenues of approximately $738,000 have been incorporated into the Fiscal Year 2005 proposed budget.
recommendation
The City Commission adopt the proposed resolution.