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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, BROWARD COUNTY, FLORIDA, ADOPTING THE TENTATIVE MILLAGES FOR THE 2026 TAX ROLL; LEVYING A TAX ON ALL PROPERTIES, REAL AND PERSONAL, WITHIN THE CORPORATE LIMITS OF THE CITY OF POMPANO BEACH, BROWARD COUNTY, FLORIDA, FOR OPERATION AND/OR MAINTENANCE EXPENSES OF THE CITY OF POMPANO BEACH USING A TENTATIVE GENERAL OPERATING MILLAGE RATE OF 5.1920; LEVYING A TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST FOR 2018 GENERAL OBLIGATION BONDED INDEBTEDNESS USING A TENTATIVE MILLAGE RATE OF 0.2464; LEVYING A TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST FOR 2021 GENERAL OBLIGATION BONDED INDEBTEDNESS USING A TENTATIVE MILLAGE RATE OF 0.1679; PROVIDING THAT THE TENTATIVE MILLAGE RATE (GENERAL OPERATING MILLAGE (5.1920) AND EMERGENCY MEDICAL SERVICES DISTRICT MILLAGE (0.5000)) OF 5.6920 REPRESENTS A 3.59% INCREASE IN PROPERTY TAXES WHEN COMPARED TO THE ROLLED-BACK MILLAGE RATE OF 5.4949; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
staffcontact
(Staff Contact: Joshua Watters)
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Summary Explanation/Background:
Pursuant to State Statute 200.065, taxing authorities are required to adopt fiscal year tentative and final millage rates and a citywide budget at the first and final public hearings. At the public budget hearings, the rolled-back rate, the percentage of increase over the rolled-back rate, and the millage rate to be levied must be publicly read.
The proposed General Fund Operating Millage Rate for FY 2027 is 5.1920, representing a decrease of 0.5% compared to the FY 2026 adopted Operating Millage Rate of 5.2181.
The voted 2018 Series Debt Service Millage Rate for FY 2027 is 0.2464, representing a 6.4% decrease compared to the FY 2026 adopted Debt Service Millage Rate of 0.2632.
The voted 2021 Series Debt Service Millage Rate for FY 2027 is 0.1679, representing a 6.5% decrease compared to the FY 2026 adopted Debt Service Millage Rate of 0.1795.
Calculation of increase compared to...
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