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 9.37% lower than the roll-back rate of 1.1034. 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 1.1034 by 9.37%.
- 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.
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