HomeMy WebLinkAboutVI (B) Set Tentative Millage Rate AGENDA 7-16-96
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" Item VI B
OCOee S.SCOTT VANDERGRIFT
O� COMMISSIONERS
c� 1� CITY RUSTY JOHNSON
... El OF OCOEE SCOTT ANDERSON
C; Ip I 150 N.LAKESHORE DRIVE SCOTT A.GLASS
f`� ?C� OCOEE,FLORIDA 34761-2258 JIM GLEASON
'jJ, `' ,� (407)656-2322 CITY MANAGER
f'P
OF GOOD s, ELLIS SHAPIRO
MEMORANDUM
TO: The Honorable Mayor and Board of City Commissioners
FROM: Ellis Shapiro, City Manager
DATE: July 8, 1996
RE: TRIM TIMETABLE; PROPOSED MILLAGE RATE
The Trim Timetable requires us to advise the Property Appraiser of the FY 97
proposed millage rate by August 3, 1996. It is time to decide on the millage rate
to submit. The following is submitted to assist you in making your decision:
(1) The property value increase over last year is $74,850,958.00.
(2) 1 mill generates $581,660.00.
(3) The rolled-back rate is 3.700 per$1,000 and would produce$2,152,144.00
in revenue.
(4) The current rate of 4.00 per $1,000 would produce $2,326,642.00 in
revenue. (This is an increase of $299,404.00 over current year revenue.)
The Trim Act requires that whatever millage is set by you today and sent to the
Property Appraiser cannot be increased after August 3. However, it should also be
understood that whatever millage rate you propose will be sent to all property
owners within Ocoee directly after August 3, 1996.
It should be mentioned that the proposed budget is balanced on a 4 mill tax rate;
therefore, I recommend the current rate of 4 mills be continued.
Respectfully Submitted,
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A
FISCAL YEAR 96-97
PROPOSED GROSS VALUE
MILLAGE TAXABLE OF
CITY RATE VALUE ONE MIL
OCOEE 4.0000 581,660,537.00 581,660.54
ALTAMONTE SPRINGS 5.1858 1,641,180,512.00 1,641,180.51
APOPKA 3.7619 647,213,371.00 647,213.37
LAKE MARY 3.7648 580,318,968.00 580,318.97
CASSELBERRY 4.9500 629,708,221.00 629,708.22
KISSIMMEE 4.5453 1,071,167,568.00 1,071,167.57
MAITLAND 3.5577 953,158,815.00 953,158.82
OVIEDO 4.9950 635,614,000.00 635,614.00
SANFORD 6.8759 925,628,559.00 925,628.56
WINTER GARDEN 4.3040 319,284,669.00 319,284.67
WINTER PARK 3.6920* 1,818,129,134.00 1,818,129.13
WINTER SPRINGS 3.6853 797,868,165.00 797,868.17
rate is for 1995; proposed millage rate for 1996 has not been determined