Commission Meeting Agenda Item
Resolution 2022-118 (First and Final Reading) — Adoption of the Tentative Millage Rate for Fiscal Year 2022—2023
Agenda Item ID
Staff Recommended Motions
Staff recommends approval of first and final reading of Resolution 2022-118 adopting the final millage rate of 3.3962 mils for Fiscal Year 2022—2023.
This resolution sets the Fiscal Year 2022—2023 property tax millage rate of 3.3962 mills per $1,000 taxable valuation, which is 9.40% greater than the current year’s rolled back rate of 3.1044.
As a reminder, the Town Commission could have increased the millage rate at the September 7th meeting, but at this second public hearing on September 19th, it cannot be increased from what was approved at the September 7th meeting. This rate plus any other rate below this rate requires an affirmation vote of three members of the Town Commission. This hearing was advertised via an ad in the local newspaper.
Operating, Capital Budget and Other Funds
Source of Funding
- Resolution 2022-118
- Millage Rate Analysis