Res 61-15RESOLUTION NO. 61-15
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, TO LEVY A TAX ON ALL
PROPERTIES WITHIN THE CITY OF DELRAY BEACH,
FLORIDA, FOR MAINTENANCE AND OPERATION, AND
TO LEVY A TAX FOR THE PAYMENT OF PRINCIPAL AND
INTEREST ON BONDED INDEBTEDNESS, AND TO
ALLOCATE AND APPROPRIATE SAID COLLECTIONS
THEREUNDER.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1.. That a tax of $7.0611 per one thousand dollars ($1,000.00 of assessed
valuation is hereby levied on all taxable property within the City of Delray Beach for the fiscal year
commencing October 1, 2015, and ending September 30, 2016. There shall be and hereby is
appropriated for the General Fund operations of the City revenue derived from said tax for
operating and maintenance expenses of the General Fund, and also in addition, all revenues derived
by said City during said fiscal year from all other sources other than the tax levy for current bond
service and that part of collection of delinquent taxes levied for bond service. The assessed
valuation on all taxable property fox operating purposes within the City of Delray Beach is
$7,980,785,319. The operating millage rate of $7.0611 per one thousand dollars ($1,000.00) is
greater than the rolled -back rate of $6.6408 per one thousand dollars ($1,.000.00) by 6.33%.
Section 2. That the amount of money necessary to be raised for interest charges
and bond redemption which constitutes a general obligation bonded indebtedness of the City of
Delray Beach is $2,090,511. There is hereby appropriated for the payment thereof, all revenues
derived from the tax levy of $0.2756 per one thousand dollars ($1,000.00) of assessed valuation,
which is hereby levied for that purpose for the fiscal year commencing October 1, 2015, and ending
September 30, 2016, upon the taxable property of the City of Delray Beach, the assessed valuation
being $7,983,883,436.
Section 3. That the above miltage rates are adopted subject to adjustment in
accordance with Section 200.065(5) of the Florida Statutes which provides that a municipality may
adjust its adopted millage rate if the taxable value within the jurisdiction of the taxing authority as
certified pursuant to Section 200.065(1) is at variance by more than one percent (1%) with the
taxable value shown on the assessment roll to be extended.
Section 4. That public hearings were held on the budget on September 3, 2015 and
September 15, 2015.
PASSED AND ADOPTED in regular session on this the 15th day of September,
2015.
AYOR
ATTEST:
City Clerk
RES. NO. 6115
CoversheetPage of
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MEMORANDUM
TO:Mayor and City Commissioners
FROM:Jack Warner, Chief Financial Officer
Lisa M. Herrmann, Planning, Budgeting and Control Manager
THROUGH:Donald B. Cooper, City Manager
DATE:August 19, 2015
AGENDA ITEM 9.C. - REGULAR COMMISSION MEETING OF SEPTEMBER 15, 2015
SUBJECT:
RESOLUTION NO. 61-15 FINAL MILLAGE LEVY
BACKGROUND
The item before Commission is Resolution No. 61-15 which levies a tax on all properties in the
City of Delray Beach for FY 2016. The total millage for FY 2016 is 7.3367.
The FY 2016 operating millage is 7.0611 and the FY 2016 debt service millage is 0.2756. The
proposed operating millage is greater than the rolled back millage rate (6.6408) by 6.33%. The
total millage rate for FY 2016 (both operating and debt) is 7.3367 which is less than the FY
2015 total millage rate of 7.4639.
The assessed valuation on all taxable properties within the City for operating purposes is
$7,980,785,319. The assessed valuation for debt services is $7,983,883,436. The reason for
the differential is the exemptions that were granted to historic properties in the City are applied
to the operating millage only.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to
the adoption of the resolution.
RECOMMENDATION
Recommend approval of Resolution No. 61-15 - Millage Levy for FY 2016.
http://agendas.mydelraybeach.com/Bluesheet.aspx?ItemID=9498&MeetingID=57710/6/2015
CoversheetPage of
??
MEMORANDUM
TO:Mayor and City Commissioners
FROM:Jack Warner, Chief Financial Officer
Lisa M. Herrmann, Planning, Budgeting and Control Manager
THROUGH:Donald B. Cooper, City Manager
DATE:August 19, 2015
AGENDA ITEM 9.C. - REGULAR COMMISSION MEETING OF SEPTEMBER 15, 2015
SUBJECT:
RESOLUTION NO. 61-15 FINAL MILLAGE LEVY
BACKGROUND
The item before Commission is Resolution No. 61-15 which levies a tax on all properties in the
City of Delray Beach for FY 2016. The total millage for FY 2016 is 7.3367.
The FY 2016 operating millage is 7.0611 and the FY 2016 debt service millage is 0.2756. The
proposed operating millage is greater than the rolled back millage rate (6.6408) by 6.33%. The
total millage rate for FY 2016 (both operating and debt) is 7.3367 which is less than the FY
2015 total millage rate of 7.4639.
The assessed valuation on all taxable properties within the City for operating purposes is
$7,980,785,319. The assessed valuation for debt services is $7,983,883,436. The reason for
the differential is the exemptions that were granted to historic properties in the City are applied
to the operating millage only.
Pursuant to the City Charter and TRIM requirements, a public hearing must be held prior to
the adoption of the resolution.
RECOMMENDATION
Recommend approval of Resolution No. 61-15 - Millage Levy for FY 2016.
http://agendas.mydelraybeach.com/Bluesheet.aspx?ItemID=9498&MeetingID=57710/6/2015
TAX INCF
The CITY OF DELRAY BEACF
adopted a measure to increas
proposedA. Initially
reductionsB. Less tax
Value Adjustment B1,
other - n -r,
c. Actual property tax;
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All concerned citizens are`in%
hearing on the tax increase to
Tues ay, Septer
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A FINAL DECISION on the propos(
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City of D
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City Clerl
Publish: Thursday, September 10,2015