HomeMy WebLinkAboutVI (F) Discussion/ Action re: Set Proposed Millage Rate Agenda 7-15-97
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" IMAYOR••CEM1SS!ONER
S. SCOTT VANDERGRIFT
Ocoee QyCOMMISSIONERS
/
CITY OF OCOEE COMMISSIONERS
` • 150 N.LAKESHORE DRIVE
SCOTT ANDERSON
SCOTv G OCOEE,FLORIDA 34761-2258 GLASS
Of v (407)656-2322 NANCY NCY J..PARKER
yJE `>�` CITY MANAGER
pF GovELLIS SHAPIRO
MEMORANDUM
TO: The Honorable Mayor and Board of City Commissioners
FROM: Ellis Shapiro, City Manager
DATE: July 7, 1997
RE: TRIM TIMETABLE; PROPOSED MILLAGE RATE
The Trim Timetable requires us to advise the Property Appraiser of the FY98 proposed
millage rate by August 3, 1997. 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 $163,708,642.00.
2. One mill generates $745,369.18.
3. The rolled-back rate is 3.559 per $1,000 of taxable value and would produce
$2,652,769.00 in revenue.
4. The current rate of 4.00 per $1,000 would produce $2,981,477 in revenue. (This is an
increase of$741,267.00 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 rd. 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, 1997.
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 Sub II'tted,
FISCAL YEAR 1997-1998
PROPOSED GROSS VALUE
MILLAGE TAXABLE OF ONE
CITY . RATE VALUE MIL
OCOEE 4.0000 745,369,179.00 7,453,691.79
ALTAMONTE SPRINGS 4.8000 1,640,311,095.00 16,403,110.95
APOPKA 3.7619 725,469,456.00 7,254,694.56
LAKE MARY 3.7648 654,833,802.00 6,548,338.02
CASSELBERRY 4.9500 646,135,414.00 6,461,354.14
KISSIMMEE 4.5453 1,133,639,828.00 11,336,398.28
MAITLAND 3.4683 1,500,080,863.00 15,000,808.63
OVIEDO 4.9950 708,343,504.00 7,083,435.04
SANFORD 6.8759 1,009,172,654.00 10,091,726.54
WINTER GARDEN 4.3040 346,417,966.00 3,464,179.66
WINTER SPRINGS \ .:,: 3 855,293,978.00 8,552,939.78
\ d
•
- -ENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" - MAYOR•COMMISSIONER
S. SCOTT VANDERGRIFT
Ocoee
c COMMISSIONERS
Y41171
CITY OF OCOEE 150 N.LAKESHORE DRIVE DANNYHOWELL
\� SCOTT ANDERSON
SCOT.. `
G p NANCY OCOEE,FLORIDA 34761-2258 GLASS
J.PARKER
Vr ?v (407)656-2322
CITY MANAGER
X
Of Goo�` ELLIS SHAPIRO
MEMORANDUM •
To: The Honorable Mayor and.Board of City Commissioners
From: Lisa Strickland, Budget Specialist
Through: Wanda Horton, Finance Director
Date: July 14, 1997
Subject: Millage Rate Comparison
The attached revised Millage Rate Comparison should replace the one currently attached to
Agenda item VI-F. If you have any questions please call the Finance Department. I apologize
for the inconvenience.
I r
1
FISCAL YEAR 1997-1998
PROPOSED GROSS VALUE
MILLAGE TAXABLE OF ONE
CITY RATE VALUE MIL
OCOEE 4.0000 745,369,179.00 745,369.18
ALTAMONTE SPRINGS 4.8000 1,640,311,095.00 1,640,311.10
APOPKA 3.7619 725,469,456.00 725,469.46
LAKE MARY 3.7648 654,833,802.00 654,833.80
CASSELBERRY 4.9500 646,135,414.00 646,135.41
KISSIMMEE 4.5453 1,133,639,828.00 1,133,639.83
MAITLAND 3.4683 1,500,080,863.00 1,500,080.86
OVIEDO 4.9950 708,343,504.00 708,343.50
SANFORD 6.8759 1,009,172,654.00 1,009,172.65
WINTER GARDEN 4.3040 346,417,966.00 346,417.97
WINTER SPRINGS 3.6853 855,293,978.00 855,293.98