| | | | | | | |  | CITY OF ORLANDO
COUNCIL AGENDA ITEM
|
|
| | | | | | | |
Items Types: Hearings
| For Meeting of: 9/9/2020
| | 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 2020/2021 | | 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 24.22% lower than the roll-back rate of 1.3196. 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:
- Discussion of the proposed millage rate of 1.0000 being lower than the roll-back rate of 1.3196 by 24.22%.
- Allow public comments and questions.
- Amend the tentative budget and recompute the proposed millage rate, if necessary.
- By separate motion and vote, adopt the proposed millage rate.
- By separate motion and vote, adopt the tentative budget.
| | Fiscal and Efficiency Data: | N/A | | Recommended Action: | | | Contact: | Martin Carmody (407) 246-2082 |
|
| ATTACHMENTS: | | File Name | Description | Type | | DDB_Millage_Resolution_2020-2021.doc | DDB Millage Resolution 2020-2021 | Backup Material | | DDB_Budget_Resolution_2020-2021.pdf | DDB Budget Resolution 2020-2021 | Backup Material | | DDB_Schedule_A_for_FY20-21.pdf | DDB Schedule A 2020-2021 | Backup Material |
|
| | | | | | | |
 "Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner." |
|
|