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Council staff: no change to millage rate but required ad increase will be advertised
5080588 · June 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
City staff told the Finance Committee the FY2026 ad valorem millage rate will remain unchanged but state law requires advertising because projected revenue will increase; committee moved the ordinance forward to the July 9 council meeting without recommendation.
City staff told the Finance Committee that for the fiscal-year 2026 ad valorem tax levies the millage rate proposed for adoption is unchanged from the prior year, but the city must advertise what it called an “increase” under state public-notice rules because assessed value and projected revenue will…
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