Title
ORDINANCE NO. 19O-09-132: AN ORDINANCE SETTING AND ADOPTING THE 2019-2020 PROPERTY TAX LEVY FOR THE CITY OF LAUDERHILL AT THE OPERATING MILLAGE RATE OF 8.9898 PER ONE THOUSAND DOLLARS ($1,000); SETTING AND ADOPTING THE 2019-2020 VOTED DEBT SERVICE MILLAGE AT A RATE OF 1.8500 PER ONE THOUSAND DOLLARS ($1,000); PROVIDING FOR AN EFFECTIVE DATE.
Body
Request Action:
Pass an Ordinance to approve the final property tax levy and millage rates for the City of Lauderhill for Fiscal Year 2020.
Need:
To approve the final property tax levy and millage rates for FY 2020.
Summary Explanation/ Background:
An Ordinance approving the adoption of the final tax levy and operating millage rate for 2019-2020. The tentative resolution was approved on September 12, 2019. The operating rate this year is an increase over last year’s operating millage rate of 7.9898. The voted debt service millage is at a rate 1.8500 per $1,000.00. The 2019-2020 aggregate operating millage rate of 9.0157 per One Thousand Dollar ($1,000) assessment is an increase in the aggregate rolled back rate of 7.6742 by 17.48. The City of Lauderhill General Fund operating millage rate of 8.9898 is an increase over the rolled-back rate of 7.6458 by 17.48%. This Ordinance approves the final tax levy, operating millage and voted debt millage for the City for Fiscal Year 2020.
Attachments:
Millage DR 420
Voted Debt DR 420
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: Growin...
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