City's Millage Lowered to 5.32%


September 24, 2022

The new tax-rate was lowered to 5.32% and the new Fiscal Year 2022/2023 budget raises about $7.8M in new taxes, up a 10.9% over last year’s adopted budget. Both the millage and new budget were approved/adopted on 2nd hearing 5:0 on Sept 22 after being also approved 5:0 at the Sept 8th initial City Council Meeting. Council Member Marciano, with the most in-depth city budget experience on the Council, has long sought to lower millage over the last several years and was pleased to finally have it happen in his last term.

While homesteaded properties will see lowered tax bills, those in non-homesteaded properties will see increases. Budget details can be viewed here.

 

 

 

 

 

The ten-year financial forecast assumes flat millage at the new 5.32%. Also of note is that there is no debt service millage and none assumed in the forecast.

Other items from the two September meetings:

Sept 8
Sept 22