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File #: 23-672    Version: 1 Name:
Type: Item for Consideration/Discussion Status: Passed
File created: 7/25/2023 In control: City Commission
On agenda: 9/13/2023 Final action: 9/13/2023
Title: Adoption of the tentative millage rate for the Emergency Medical Services District for Fiscal Year 2023-2024 at a millage rate of 0.5000. The proposed millage rate represents a 11.21% increase in property taxes when compared to the rolled-back millage rate of 0.4496. This increase in property taxes is due to the increase in the City's assessed valuation of taxable property on the 2023 Tax Roll. (Fiscal Impact: N/A)

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Adoption of the tentative millage rate for the Emergency Medical Services District for Fiscal Year 2023-2024 at a millage rate of 0.5000. The proposed millage rate represents a 11.21% increase in property taxes when compared to the rolled-back millage rate of 0.4496. This increase in property taxes is due to the increase in the City’s assessed valuation of taxable property on the 2023 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 the final public hearings. At the public hearings, the rolled-back rate, percentage of increase over the rolled-back rate, and the millage rate to be levied must be publicly read.

FY 2024 recommended EMS millage rate is 0.5000, unchanged when compared to the FY 2023 adopted EMS millage rate of 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
[(0.5000/0.4496) - 1.00] x 100 = 11.21%

The City’s FY 2024 Recommended Budget Books are published on the City’s Budget Office webpage:  https://www.pompanobeachfl.gov/government/budget. 

Per State Statue, the FY 2024 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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