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RESOLUTION 2024- 14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FORT WALTON
BEACH, FLORIDA, ADOPTING THE MILLAGE RATE FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; AND PROVIDING
AN EFFECTIVE DATE
WHEREAS, Chapter 200 of the Florida Statutes provides the procedure for adoption of
ad valorem taxes and millage rates; and
WHEREAS, the City of Fort Walton Beach held a meeting to set the tentative millage on
June 25, 2024 and a Budget Workshop on August 12, 2024 to discuss the proposed FY 2024- 25
budget; and
WHEREAS, the City held a public budget hearing on September 10, 2024, as required
by Section 200. 065 of the Florida Statutes; and
WHEREAS, the Okaloosa County Property Appraiser has certified that the gross taxable
value for operating purposes not exempt from taxation within the City of Fort Walton Beach is
2, 197, 593, 063, an increase of $ 113, 374, 537, or 5. 44%, from the 2023 final gross taxable
property value of $2, 084,218, 526; and
WHEREAS, on September 10, 2024, the City Council tentatively adopted the operating
millage rate of 4. 6116 mills with no debt service millage; and
WHEREAS, Section 200. 065, Florida Statutes, requires that at the conclusion of the
second public hearing on September 24, 2024 to discuss the City' s proposed millage rate and
budget, the City Council adopt the final ad valorem millage rate for operating purposes and set
any debt service millage rate by adoption of a resolution that includes the percentage increase or
decrease over the " rolled -back" rate.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WALTON BEACH, FLORIDA:
Section 1. Final Millage Rate
The City Council hereby sets the final operating millage rate for the City of Fort Walton
Beach for FY 2024- 25 at 4. 3282 mills, which is 0. 0% more than the rolled -back rate of 4. 3282
mills. There is no voted debt service millage.
Section 2. Effective Date
This resolution shall become effective on and after October 1, 2024.
Adopted:
Se p tWy tr 2 y , ate
chard A. Rynearson, Mayor
Attest:
waL Approved as to legal form and sufficiency
o
the ity Qf Fort Walton Beach, only.
0
Kim Barnes, City b
-e e s, City Attorney