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Temple Terrace adopts 6.455 millage rate and $93.4 million budget for 2022–23
Summary
City Council approved ordinances to set the fiscal year 2022–23 property tax millage at 6.455 mills and to adopt a $93,400,136 operating and capital budget, citing inflation, salary increases and new positions as drivers of the revenue need.
The City of Temple Terrace City Council on Sept. 20 adopted an ordinance setting the fiscal year 2022–23 property tax millage rate at 6.455 mills and, in a separate ordinance on second reading, adopted the city's $93,400,136 annual operating and capital budget.
Interim Finance Director Jim Ingram told the council the proposed millage of 6.455 mills is a decrease of 0.1 mill from the prior year but is 0.6872 mills (11.91 percent) above the rollback rate. Ingram said the difference was needed to cover inflation, the cost of materials and fuel, 11 new full-time positions, a 5 percent general salary increase, higher insurance costs and $429,417 in general fund capital programs.
The adopted budget totals $93,400,136 and includes utility system improvements, vehicle and equipment replacements, and American Rescue Plan Act (ARPA) funded projects: $7,000,000 for water-facility hardening, $2,180,000 for stormwater projects and $7,000,000 in utility system improvements and replacements enumerated in the budget summary. Ingram also noted anticipated proceeds of $5,400,000 from the Rollerson Ranch property sale with a portion applied to debt payoff and reserves.
Council took a roll-call on the millage ordinance and later on the budget ordinance; both measures were approved with all members voting in favor. After budget adoption, staff said the city manager and finance director are authorized to transfer funds among departments and appropriate donations or grants per the ordinance language.
The ordinances will be effective as provided in their texts and the city clerk recorded the official adoption votes.
The council adopted the millage rate and budget after the required two public hearings and opportunity for public comment. No public speakers addressed the millage or the budget during the hearings.
