Title
Establish a Proposed Millage Rate for Fiscal Year 2019-2020(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 2019-2020 fiscal year beginning October 1, 2019 and ending September 30, 2020; establishing a proposed Millage Rate; computing the rolled back rate; setting a public hearing; providing for notice to the Alachua County Property Appraiser; and 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.
fiscal note
The estimated ad-valorem tax revenues for FY 2019-2020 will be determined by the proposed millage rate of 5.2974 which is the greater than last year’s millage rate of 4.7474.
Recommendation
The City Commission adopt the proposed resolution.