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Adoption of the tentative millage rate for the Emergency Medical Services District for Fiscal Year 2024-2025 at a millage rate of 0.5000. The proposed millage rate represents a 9.22% increase in property taxes compared to the rolled-back millage rate of 0.4578. This increase in property taxes is due to the increase in the City’s assessed valuation of taxable property on the 2024 Tax Roll.
(Fiscal Impact: N/A)
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(Staff Contact: Erjeta Diamanti)
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Summary Explanation/Background:
Pursuant to State Statue 200.065, taxing authorities are required to adopt Fiscal Year tentative and final millage rates and a citywide budget following 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.
FY 2025 recommended EMS millage rate is capped at 0.5000.
Percent over the rolled-back rate Calculation for the EMS District
[(current year millage rate ÷ current year rolled-back rate) - 1.00] x 100
[(0.5000/0.4578) - 1.00] x 100 = 9.22%
The City’s FY 2025 Recommended Budget Books are published on the City’s Budget Office webpage: https://www.pompanobeachfl.gov/government/budget.
Per State Statue, the FY 2025 Adopted Budget Books will be published on the City’s Budget Office webpage https://www.pompanobeachfl.gov/government/budget within 30 days of its final adoption.
Origin of request for this action: City Manager’s Office
Fiscal impact and source of funding: N/A
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