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Fort Walton Beach Resolution — 07-20-Millage Rate — reading text

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Resolution 07- 20 A RESOLUTION SETTING THE PROPOSED MILLAGE RATE FOR THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 2007 AND ENDING ON SEPTEMBER 30, 2008, AND PROVIDING FOR AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA, THAT Section 1. The City Council of the City of Fort Walton Beach, Florida, does hereby set its proposed millage rate of 4. 1986 mills to be levied upon all real and tangible personal property located within the boundaries of the above named taxing authority. Section 2. The proposed levy of 4. 1986 mills is 5. 0% lower than the " rollback" rate of 4.4196 mills. The 5 percent decrease represents the percentage decrease in property taxes. Section 3. This proposed millage rate of 4. 1986 mills is to fund General Fund expenditures for the Fiscal Year commencing October 1, 2007 and ending September 30, 2008. Section 4. This resolution shall take effect immediately upon approval by the Council and signature by the Mayor. ADOPTED: Cl- S--tJ7 MAYOR: MIKE G. ANDERSON A7JA ' t.~ HELEN SPENCER, ITY CLERK APPROVED AS D LEGAL SUFFICIENCY: TO}JRM f' j\ TONI L.CRAIG, CITY ATTORN lJti2<~ DISPOSITION

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