Item Coversheet
CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:

For Meeting of: 9/4/2018

District:3,4,5 On file (City Clerk):Yes


Subject:1st Budget Hearing (5:01 p.m.) – Adopting Proposed Millage Rate and Tentative Budget of the Downtown Development Board (DDB) for Fiscal Year 2018/2019
Summary:

Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown Development Board has prepared a tentative budget and computed a proposed millage rate of 1.0000 per $1,000 of assessed property value.  The proposed millage rate of 1.0000 is 18.31% lower than the roll-back rate of 1.2241.  Section 200.065, F.S., requires the City to hold a public hearing on the proposed millage rate and tentative budget.  The sequence of events during the public hearing is as follows:

1.  Discussion of the proposed millage rate of 1.0000 being lower than the roll-back rate of 1.2241 by 18.31%.

2.  Allow public comments and questions.

3.  Amend the tentative budget and recompute the proposed millage rate, if necessary.

4.  By separate motion and vote, adopt the proposed millage rate.

5.  By separate motion and vote, adopt the tentative budget.

Fiscal and Efficiency Data:N/A
Recommended Action: 
Contact:Martin Carmody

ATTACHMENTS:
File NameDescriptionType
DDB_Millage_Resolution_2018-2019.pdfDDB Millage Resolution 2018-2019Backup Material
DDB_Budget_Resolution_2018-2019.pdfDDB Budget Resolution 2018-2019Backup Material
DDB_New_Combined_Schedule_A_for_FY18-19.pdfDDB Schedule A 2018-2019Backup Material
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