Item Coversheet

Request for City Commission Action Page



Heading as displayed on the Agenda:

Budget Office - FY 2018/19 Property Taxes and Budget - City of Daytona Beach  (pp. 975-987)

Item as displayed on the Agenda:

1. PUBLIC HEARING - Members of the general public may speak on the millage rate and the FY 2018-2019 budget.

 

2. Presentation by the Budget Officer.

 

3. Resolution of the City of Daytona Beach adopting an ad valorum property final tax millage rate of 6.2000 ($6.2000 per $1,000 of assessed taxable value). This is a 5.93% tax increase from the rolled back rate of 5.8527; and a voted debt service final millage rate of 0.3090 ($0.3090 per $1,000 of assessed taxable value) which is a 8.82% reduction from the FY 2017/18 tax rate.

 

4. Resolution adopting the Budget for the fiscal year October 1, 2018, to September 30, 2019; prescribing estimated Revenue Sources of $246,888,734, and setting forth Operating Expenditures, Capital Expenditures, and Transfers of $246,888,734. 

 

Fred Coulter, Budget Officer, to report.

 

Recommendation: City Manager recommends adoption of the Resolutions.

Action: Motion to adopt the Resolutions.

ATTACHMENTS:
Description
Agenda Summary
City Manager Memo
Budget Resolution
Millage Resolution