Title
RESOLUTION NO. 25R-09-175: A RESOLUTION OF THE CITY OF LAUDERHILL, FLORIDA, SETTING AND ADOPTING THE 2025-2026 PROPERTY TAX LEVY FOR THE CITY OF LAUDERHILL AT THE OPERATING MILLAGE RATE OF 7.4998 PER ONE THOUSAND DOLLARS ($1,000); SETTING AND ADOPTING THE 2025-2026 VOTED DEBT SERVICE MILLAGE AT A RATE OF 1.1212 PER ONE THOUSAND DOLLARS ($1,000); PROVIDING FOR CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
Body
Request Action:
Pass a Resolution setting and adopting the tentative 2025-2026 Property Tax Levy for the City of Lauderhill and setting and adopting the tentative voted debt service millage.
Need Summary Explanation/ Background:
To set the tentative property tax levy at the operating millage rate for the upcoming Fiscal Year 2026.
The adoption of the tentative tax levy and operating millage rate for 2025-2026 must be adopted prior to the beginning of our fiscal year on October 1, 2025. The operating rate this year of 7.4998 is a decrease to last year’s operating millage rate. The voted debt service millage is at a rate of 1.1212 per $1,000.00. The 2025-2026 tentative aggregate operating millage rate of 7.5284 per One Thousand Dollar ($1,000) assessment is a decrease of the aggregate rolled back rate of 8.2286 by 8.51%. The City of Lauderhill General Fund tentative operating millage rate of 7.4998 is a decrease of the rolled-back rate of 8.1896 by 8.42%.
Cost Summary/ Fiscal Impact:
Include projected cost, approved budget amount and account number, source of funds, and any future funding requirements
Attachments:
Approve Resolution DOR
Budget Code Number(s): __________________________________
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ...
Click here for full text