Summary:
Pursuant to Section 200.065, Florida Statutes (F.S.), the Downtown South Neighborhood Improvement District 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 4.71% higher than the roll-back rate of 0.9550. 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 higher than the roll-back rate of 0.9550 by 4.71%.
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. |