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Adoption of tentative budget for the City of Pompano Beach for Fiscal Year 2018-2019 totaling $345,640,025.
(Fiscal Impact: $345,640,025)
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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 citywide budget following the first and the final public hearings. At the public hearings, the roll back rate, percentage of increase over the roll back rate, and the millage rate to be levied must be publicly read.
For more information on the recommended millage rates and citywide budget for FY 2019, please refer to the City’s FY 2019 Recommended Budget Books published on the City’s website: http://pompanobeachfl.gov/pages/budget/budget
Please note that the FY 2019 Recommended Budget Books do not reflect the changes in the millage rate and fire assessment fee the City Commission recommended during the July Budget Workshop held on July 17, 2018. The adjustments for both revenues and expenditures are reflected in the “Exhibit A” attached to item #18-540. Per State Statue, the FY 2019 Adopted Budget Books will be published on the City’s website within 30 days of its final adoption.
Origin of request for this action: City Manager’s Office
Fiscal impact and source of funding: $345,640,025
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