Agenda Item
3.A) AN ORDINANCE OF THE MAYOR AND VILLAGE COUNCIL OF THE VILLAGE OF PALMETTO BAY, FLORIDA ADOPTING THE MILLAGE RATE OF 2.3018 WHICH IS 4.50% HIGHER THAN THE ROLLBACK RATE OF 2.2025, FOR THE VILLAGE FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2025, THROUGH SEPTEMBER 30, 2026, PURSUANT TO SECTION 200.065, FLORIDA STATUTES; PROVIDING FOR NOTICE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. (Sponsored by Administration and prepared by Finance Director, Desmond Chin)
It is most reasonable to have our Initial rate of 2.35 mils. That will allow a little more flexibility in our budget at a cost that, for almost everybody, is trivial.