Consideration of City of Fernandina Beach millage rate at 10.39% over rollback rate - Public hearing Tuesday, September 4 at 5:05 p.m.

STATEMENT REGARDING THE PERCENTAGE INCREASE IN MILLAGE OVER THE ROLLED-BACK RATE NECESSARY TO

FUND THE BUDGET AND THE SPECIFIC PURPOSE FOR WHICH AD VALOREM TAX REVENUES ARE BEING INCREASED.

Prior to adoption of Resolution 2012-132, which sets the property tax millage rate

for operating expenditures, and sets the millage rate for voter approved debt,

Chapter 200.065 (4)(d), Florida Statutes, requires that the following statement be

publicly announced.

The taxing authority levying this property tax is the City Commission of the City of Fernandina Beach.

The rolled back rate is 5.4605 mills per $1,000 of assessed value.

The percentage increase is 10.39% over the rollback millage rate.

The operating millage rate to be levied is 6.0277 mills per $1,000 of assessed

The voter debt millage rate is .2724.

Proposed City of Fernandina Beach Budget is available for your review (Click here)

August 31, 2012 10:04 a.m.