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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 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 TENTATIVE GENERAL OPERATING MILLAGE RATE OF 5.2443; LEVYING A TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST FOR 2018 GENERAL OBLIGATION BONDED INDEBTEDNESS USING A TENTATIVE MILLAGE RATE OF 0.2632; LEVYING A TAX FOR THE PAYMENT OF PRINCIPAL AND INTEREST FOR 2021 GENERAL OBLIGATION BONDED INDEBTEDNESS USING A TENTATIVE MILLAGE RATE OF 0.1795; PROVIDING THAT THE TENTATIVE MILLAGE RATE (GENERAL OPERATING MILLAGE (5.2443) AND EMERGENCY MEDICAL SERVICES DISTRICT MILLAGE (0.5000)) OF 5.7443 REPRESENTS A 5.63% 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 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 2026 is 5.2443, representing no change from 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.
NOTE: The operating millage rate reflected in this...
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