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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, BROWARD COUNTY, FLORIDA, ADOPTING THE MILLAGES FOR THE 2025 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 GENERAL OPERATING MILLAGE RATE OF 5.2181; LEVYING A TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST FOR 2018 GENERAL OBLIGATION BONDED INDEBTEDNESS USING A MILLAGE RATE OF 0.2632; LEVYING A TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST FOR 2021 GENERAL OBLIGATION BONDED INDEBTEDNESS USING A MILLAGE RATE OF 0.1795; PROVIDING THAT THE PROPOSED MILLAGE RATE (GENERAL OPERATING MILLAGE (5.2181) AND EMERGENCY MEDICAL SERVICES DISTRICT MILLAGE (0.5000)) OF 5.7181 REPRESENTS A 5.15% INCREASE IN PROPERTY TAXES WHEN COMPARED TO THE ROLLED-BACK MILLAGE RATE OF 5.4379; 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 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 2026 is 5.2181, representing a 0.5% decrease compared to the FY 2025 adopted operating millage rate of 5.2443.
The voted 2018 Series Debt Service millage rate for FY 2026 is 0.2632, representing a 8.7% decrease compared to the FY 2025 adopted debt service millage rate of 0.2884.
The voted 2021 Series Debt Service millage rate for FY 2026 is 0.1795, representing a 8.7% decrease compared to the FY 2025 adopted debt service millage rate of 0.1965.
Calculation of increase compared to the Rolled-Back Rate:
[(current year aggregate m...
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