CCMtg09-04-80WSUmgwmd city ~mussion
September 4, 1980
'fie Ian9xcod City Gmnission held a Budget 4brkshop session at 3:05 o.m. to
discuss millage rate foe 1980-1981 budget.
Pmsent tNYOr Oskert
er Grant
r Hepp
pavidsChamy,City ArLninistratnr
Weald Tarry, City Clerk
Absent: Gsmnrssroner lLLtcliell
2^,?
1, yid Ciwcey, City A~ti.nistrator, briefed the Camdssion m min9
xeaipt of Certification of Taxable Value fine Seminole Cowty Pxoxrty Aporaz
Mr. Cbawy stated that he Fad anticipated a 2R percent in an Taxable valuer
but that actual in s 33 pezsnt. The expected Caxableevalue £or 19]9-00
was 94,385,335.00 and actual value was $98,]21,119.00.
l1r. Clumy stated that currant year adjusted tax value (1980-81) wa
$14],240,689 which would generate $2>3, 45].00 at .00186 mills. An 8 rysoent
q l: rate would add $21,0]6 for a total incae of $295,333.00. All.oring
for a reduction of $11,813.00 div to the 4 p=_ra+nt induction for early payacnt
of taxes, a to l o£ 5203,520.00 would t. generated at 2.0 mu11s as mipared
to an antrcipaTed $202, 362.00 before tax vales a+ere increased.
3. Mr. Cluny remmen'mvl [Fat the City establish a pxop]sed millage rate of
2.0 mills Fnr $1,000.00. t objecFed to a 2.0 millage mte,
ling that it meded the 33 percent in rn taxable values and suggested
that millage mte to se at 1.98 nd11s. ~nnissioner Hepp, Camussiomr Ioxnar:n and
Mayor Uskert stated they rein in favor of 2.0 mills. Mr. Chamy stated that he
teed briefed Cmmissi.oner Mitchell. and he had alw agreed wiU the proposed 2.0
nu11s. 'll» Cwmussion then agreed to a prmnsed millage rate of 2.0.
Mr. Cliacey stated that he Alarmed to have a s:mms:.y of current yeas budget
and fortlicm:inq budget printed shoring in es/decreases and reasons therefor
to distribute eo cltrzens at b:Nget heazings.~
5. Mz. Chacey distributed a mpy of the schedule for the mining budget rycle
tared that i cessaey to pass a Budget Resolution on September 22,
1960sad pting present ynear's bu3get sinm a budget vould mt be adopted Fry
Octtlar 1. After the tentative budget Haring is Mld on 0.tnter 13, 1980, the
ve 6 ]get can to adopted by xesoSUtion and City can operate wd=_r the
tentative budget :mtil finally abp d.
6. The Cvmussra~ adjourned at 4:15 p.m.
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ATPFSL. I,taYOr, City o Srm
CityCity Clerk