| | | | | | | |  | CITY OF ORLANDO
COUNCIL AGENDA ITEM
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Items Types: Hearings
| For Meeting of: 9/13/2021
| | District:ALL | On file (City Clerk):Yes |
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| | | | | | | | | Subject: | 1st Budget Hearing (5:01 p.m.) – Adopting Proposed Millage Rate and Tentative Budget of the Downtown Development Board (DDB) for Fiscal Year 2021-2022 | | 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.
| | Fiscal and Efficiency Data: | No fiscal impact. | | Recommended Action: | | | Contact: | Martin Carmody, martin.carmody@orlando.gov, (407) 246-2082 |
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| ATTACHMENTS: | | File Name | Description | Type | | DDB_Budget_Resolution_2021-2022.doc | FY 2022 DDB Budget Resolution | Backup Material | | DDB_Schedule_A_for_FY21-22.xlsx | FY 2022 DDB Budget Resolution Schedule A | Backup Material | | DDB_Millage_Resolution_2021-2022.doc | FY 2022 DDB Millage Resolution | Backup Material |
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 "Enhance the quality of life in the City by delivering public services in a knowledgeable, responsive and financially responsible manner." |
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