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Analysis: rollback millage would force $14.4M in cuts and reduce general fund revenue by $24M, committee told
Summary
City finance staff told the committee that adopting the rollback millage would reduce general fund property-tax revenue by about $24 million and require roughly $14.4 million in cuts to operating expenditures, with consequences for public-safety services.
City budget staff presented an analysis showing that adopting a rollback millage — the rate that would collect the same revenue as last year excluding new construction — would cut roughly $24 million from the general fund and a total of about $27 million across affected entities, and would require approximately $14.4 million in operational cuts.
Tamika (budget director) briefed the committee on the mechanics and potential…
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