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 2002-2003 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 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 2003 proposed financial and operating plan include no change in the current millage rate of 4.9416 mills.
Fiscal Note
By retaining the current millage rate of 4.9416, and not rolling back to 4.6704 mills, revenues of approximately $860,000 have been incorporated into the Fiscal Year 2003 and Fiscal Year 2004 proposed budgets.
Recommendation
The City Commission adopt the proposed resolution.