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Council sets village maximum millage at 2.69 mills
Summary
Palmetto Bay council passed a resolution establishing a maximum millage rate of 2.69 mills; staff noted the final rate set in September may be lower but cannot exceed that cap.
Palmetto Bay council passed a resolution setting the village's maximum millage rate at 2.69 mills, a staff member reported. The resolution establishes a ceiling for the coming budget cycle; the council will set the final millage in September, at a rate that may be lower but not higher than 2.69 mills.
The staff member characterized the action as an important step in this year's budget process and did not provide a vote tally in the recap. No additional numeric details about projected revenues or the current millage were provided in the recorded summary.
The council is scheduled to finalize the millage in its September meeting, when the governing body will adopt the budget and the final tax rate.
