Title
RESOLUTION NO. 19R-09-186: A RESOLUTION ADOPTING THE TENTATIVE PROPERTY TAX LEVY FOR THE CITY OF LAUDERHILL AT THE PROPOSED OPERATING MILLAGE RATE OF 8.9898 PER ONE THOUSAND DOLLAR ($1,000) ASSESSMENT FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; ADOPTING THE TENTATIVE VOTED DEBT SERVICE MILLAGE AT A RATE OF 1.8500 PER ONE THOUSAND DOLLAR ($1,000) ASSESSMENT FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; PROVIDING FOR AN EFFECTIVE DATE.
Body
Pass a Resolution setting and adopting the tentative 2019-2020 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 2020.
Summary Explanation/ Background:
The adoption of the tentative tax levy and operating millage rate for 2019-2020 must be adopted prior to the beginning of our fiscal year on October 1, 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 tentative 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 tentative operating millage rate of 8.9898 is an increase over the rolled-back rate of 7.6458 by 17.48%.
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 i...
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