Laserfiche WebLink
FOR IMMEDIATE RELEASE <br />For information, contact: <br />Sara Brady <br />sbrady@sarabradypr.com <br />407-408-4000 <br /> <br />CASSELBERRY CITY COMMISSION VOTES TO REDUCE <br />MILLAGE RATE <br /> <br />CASSELBERRY, FL. – Tuesday, July 28, 2020 – The Casselberry City Commission unanimously approved <br />on Monday a reduction in the City’s millage rate, the amount used in calculating local property taxes. <br />A millage rate is one tenth of a percent, which equates to $1 in taxes for every $1,000 in home taxable <br />value. <br /> <br />Commissioners approved a rate of 2.9990, down from 3.0519. The change will generate $5 million in <br />revenue for the City. In the commission’s annual budget workshop held two weeks ago, commissioners <br />expressed an interest to reduce the rate due to the current economic climate resulting from the <br />COVID-19 pandemic. <br /> <br />“The commission made clear its awareness of current economic conditions and how residents could be <br />impacted,” said City Manager Randy Newlon. “The City’s financial reserves are very healthy, and should <br />the need arise, we have a strong foundation in place.” <br /> <br />The City Commission will vote final approval of the 2020-2021 budget during budget public hearings on <br />September 14 and September 28, 2020. <br /> <br />About the City of Casselberry <br />Casselberry is located in Seminole County, Florida, just 10 miles northeast of downtown Orlando. Two <br />major roadways, U.S. Highway 17-92 and State Road 436, intersect, connecting the City of Casselberry <br />to all of Central Florida. The City is engaged in development and redevelopment along the U.S. <br />Highway 17-92 corridor, which presents mixed use, retail and residential, governmental and <br />recreational opportunities. The City is also engaged in innovative environmental stewardship, multi- <br />modal transportation, and neighborhood revitalization initiatives. Located in one of the fastest growing <br />areas of Metro Orlando, the City of Casselberry is an exciting place in which to live and do business. For <br />more information, visit www.casselberry.org. <br />### <br /> <br />