CC Minutes 09/23/2013 - Laserfiche WebLink

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CASSELBERRY CITY COMMISSION Minutes of September 23, 2013 — Regular Meeting Page 12 of 17 General Fund $ 17,688 Water & Sewer Utility $ 2,240,025 Recreation $ 1,162,697 Equipment Replacement $ 33,000 Ms. Bowman then gave a brief overview of the projects and proposed expenditures which resulted in the increase, and additional details as to the proposed revenues and expenditures contained in the budget. Mr. Newlon announced that the final operating millage rate for Fiscal Year 2013 -2014 was proposed to be set at 5.4500 mills, which was 2.70% above the rolled -back rate of 5.3065 mills. Public Hearing: Mayor Glancy stated this was a public hearing to hear and consider comments and questions regarding the City's final millage.rate for the coming fiscal year. Mayor Glancy opened the floor for public participation. The following individuals came forward: Mr. John Casselberiy, 700 South Lost Lake Lane, voiced some concerns about the millage rate and questioned whether additional service or sales taxes could possibly make up the difference in the budget that the ad valorem taxes did not cover. Mr. James Fraleigh, 23 Teresa Court, voiced opposition to any raise in taxes, stating he felt it was unacceptable to do so when so many people were still struggling. No else came forward. Mayor Glancy closed the public hearing relative to Resolution 13 -2532. Budget Impact: The final millage rate of 5.4500 mills is expected to deliver $5,541,244 in ad valorem tax revenue to the General Fund. The City is obligated to pay to its Community Redevelopment Agency (CRA) a distribution called Tax Increment Funding (TIF) based on taxes assessed and collected from properties within the geographic boundaries of the CRA. The Final millage rate of 5.4500 mills will lead to a TIF payment fi-om the City to the CRA of $213,791. This information is included in the Budget for Fiscal Year 2013 -2014. Recommendation: The City Manager and the Finance Director recommended adoption of Resolution 13- 25' )2 to set the final adopted millage rate for FY2014 at 5.4500 mills. MOTION: Vice Mayor Hufford moved to approve Resolution 13 -2532, establishing the final operating millage rate of 5.4500 mills for Fiscal Year 2013 -2014, as presented. Motion was seconded by Commissioner Fry. Discussion: In response to questions from Commissioners Hufford and Aramendia, Mr. Newlon explained that the millage rate would not change from last year; however due to an increase in taxable values in the City from last year from properties changing hands, this millage rate would result in an increase of 2.70 % in the tax levy. Motion carried unanimously by voice vote 4 -0. Mayor Glancy announced that the City of Casselberry has adopted a properly tax rate of 5.4500 mills as the final millage rate for Fiscal year 2013 -2014. This rate is 2.70% higher than the rolled back rate of 5.3065 mills.