Title
RESOLUTION NO. 24R-09-184: A RESOLUTION ADOPTING THE TENTATIVE PROPERTY TAX LEVY FOR THE CITY OF LAUDERHILL AT THE PROPOSED OPERATING MILLAGE RATE OF 7.9998 PER ONE THOUSAND DOLLAR ($1,000) ASSESSMENT FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; ADOPTING THE TENTATIVE VOTED DEBT SERVICE MILLAGE AT A RATE OF 1.1712 PER ONE THOUSAND DOLLAR ($1,000) ASSESSMENT FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; PROVIDING FOR AN EFFECTIVE DATE.
Body
Pass a Resolution setting and adopting the tentative 2024-2025 Property Tax Levy for the City of Lauderhill and setting and adopting the tentative voted debt service millage.
Need:
To set the tentative property tax levy at the operating millage rate for the upcoming Fiscal Year 2025.
Summary Explanation/ Background:
The adoption of the tentative tax levy and operating millage rate for 2024-2025 must be adopted prior to the beginning of our fiscal year on October 1, 2024. The operating rate this year of 7.998 is a decrease to last year’s operating millage rate. The voted debt service millage is at a rate of 1.1712 per $1,000.00. The 2024-2025 tentative aggregate operating millage rate of 8.0359 per One Thousand Dollar ($1,000) assessment is a decrease of the aggregate rolled back rate of 8.3292 by 3.52%. The City of Lauderhill General Fund tentative operating millage rate of 7.9998 is a decrease of the rolled-back rate of 8.2920 by 3.52%.
Attachments:
Cost Summary/ Fiscal Impact:
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes
Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas
[ ] Increase commercial tax base [ ] Increase employment in Lauderhill businesses
[ ] Decrease noxious and blighted uses in commercial areas
Goal 5: Quality Housing at all Price Ranges and Attractive Communities
[ ] Neighborhood signs and active HOAs [ ] Housing & streets improved, litter reduced
[ ] Increase proportion of single family homes and owner occupied housing
Goal 6: Efficient and Effective City Government, Customer Focused & Values Diversity
[ X ] Improves City efficiency [ ] Increase use of Information Technology
[ ] Increases residents perception of Lauderhill as an excellent place to live