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HomeMy Public PortalAboutResolution No. 23-107 - Setting the Proposed Millage RateSponsored by: City Manager RESOLUTION NO. 23-107 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA, SETTING THE PROPOSED MILLAGE RATE OF 9.3500 MILLS FOR COMPUTATION OF AD VALOREM TAXES FOR THE CITY OF OPA-LOCKA, FLORIDA AS REQUIRED BY LAW FOR THE BUDGET FOR FISCAL YEAR (FY) 2023-2024; ESTABLISHING THE DATE, TIME AND PLACE FOR THE FIRST HEARING TO CONSIDER THE PROPOSED MILLAGE RATE AND PROPOSED BUDGET FOR FY 2023-2024; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, Section 200.065, Florida Statutes, provides that a taxing authority shall advise the Property Appraiser and Tax Collector of the proposed millage rate, the current year rolled -back rate and the date, time and place of the first budget hearing, at which time a public hearing will be held to consider the proposed millage rate and the tentative budget for the upcoming fiscal year; and WHEREAS, the City Manager of the City of Opa-Locka has recommended a proposed millage rate of rate of 9.3500 mills for FY 2023-2024, commencing October 1, 2023 and ending September 30, 2024. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA: SECTION 1. The recitals to the preamble herein are incorporated by reference. SECTION 2. The proposed tax levy and millage rate for the City of Opa-Locka, Florida for FY 2023-2024, commencing October 1, 2023 and ending September 30, 2024, is hereby proposed to be 9.3500 mills, which is $9.35 of property taxes per $1,000 of assessed property value within the City of Opa-Locka. This represents a 9.387% increase over the rolled -back rate of 8.5476 mills, which is $8.5476 of property taxes per $1,000 of assessed property value. SECTION 3. The date, time and place for the public hearing to consider the above proposed Annual Budget shall be as follows: PUBLIC HEARING Date: Wednesday, September 13, 2023 Time: 6:00 p.m. Place: Commission Chambers, Third Floor, 780 Fisherman Street, Opa-Locka, FL 33054 Resolution No. 23-107 SECTION 4. This Resolution shall take effect upon the adoption and is subject to the approval of the Governor or Governor's Designee. PASSED and ADOPTED this 26th day of July, 2023. APPROVED AS TO FORM AND LEGAL SUEFIENCY: ette Norris -Weeks, P.A. y Attorney Moved by: Commissioner Kelley Seconded by: Commissioner Ervin VOTE: 5-0 Commissioner Bass YES Commissioner Kelley YES Commissioner Williams YES Vice Mayor Ervin YES Mayor Taylor YES John H. Taylor Jr., Mayor 2 City of Opa-locka Agenda Cover Memo Department Director: Bob Anathan Department Director Signature: 0G4-,(7ak/4--z2_, Ordinance Other City Manager: Darvin E. Williams CM Signature: Commission Meeting Date: July 26, 2023 Item Type: (EnterXin box) Resolution X Fiscal Impact: (EnterXin box) N/A Yes No Ordinance Reading: (Enter X in box) 1st Reading 2nd Reading X Public Hearing: (Enter X in box) Yes No Yes No X X Funding Source: Account# : (Enter Fund & Dept) Ex: NA Advertising Requirement: (EnterXin box) Yes No X Contract/P.O. Required: (EnterXin box) Yes No RFP/RFQ/Bid#: X Strategic Plan Related (EnterXin box) Yes No Strategic Plan Priority Area: Enhance Organizational o Bus. & Economic Dev • Public Safety MI ; Quality of Education IM i II Qual. of Life & City Image • Communication mg 1 Strategic Plan 014/Strategy: (list the specific objective/strategy this item will address) All areas X Sponsor Name City Manager Department: " City Manager Short Title: Adoption of Proposed Millage Rate and Establishing Date, Time and Place for First Budget Hearing Staff Summary: The City is required to adopt a proposed millage rate, establish the date, time and place for the initial September hearing, to be entered into the State TRIM (Truth in Millage) system no later than August 4, 2023. Staff recommends a millage rate of 9.3500 mills for FY 24.. Staff further recommends that the first budget hearing be conducted prior to the first regularly scheduled Commission meeting on September 13, 2023 at 6:00 p.m. and the second budget hearing be conducted prior to the second regularly scheduled Commission meeting on September 27th at 6:00 p.m., with the required advertising for the second hearing appearing on Sunday, September 24th. All recommended dates conform to State Statute (TRIM) requirements. Also, as required by State Statute, these dates don't conflict with those scheduled by the County Board of Commissioners (September 7th and 21st) and the County School Board (July 26th and September 6th.) The City's FY 24 Rolled -Back Millage Rate is 8.5476 mills. The Rolled -Back Millage Rate is the millage rate which would provide the average property owner, whose property's taxable value had grown at the average rate experienced in the City this year, with no increase in property tax from the current fiscal year. The City's proposed millage rate of 9.3500 mills is 9.387% greater than the Rolled -Back Millage Rate and is required to be announced as such at the start of each budget hearing. It should be noted that the millage rate and hearing information that is decided upon at this meeting will be reflected on the TRIM notices sent out to all property owners by the County by August 24th. The millage rate appearing on the TRIM notice is, for all practical purposes, the maximum millage rate the City can consider at the September hearings. Although a higher millage rate can be adopted at that time, it becomes very expensive since first class mail has to be sent to all property owners advising them of this increase. Conversely, the Commission can adopt a lower millage rate at either of the September hearings with no additional requirements placed on the City. Proposed Action: Staff recommends that the City Commission adopt a preliminary millage rate of 9.3500 mills, establish the date, time and place for the initial September hearing and direct that the Interim City Manager have the appropriate TRIM documentation completed, signed electronically and entered into the TRIM system no later than August 4, 2023. Attachment: 1. Proposed Resolution