HomeMy WebLinkAboutDocumentation_Regular_Tab 18_7/10/2025 Agenda Item #18.
Regular Council
STAFF MEMO x
Meeting: Regular Council - Jul 10 2025
Staff Contact: Jeremy Allen, Village Manager Department: Manager
i
Approve Setting the Proposed Maximum Ad Valorem Millage Rate for the Village of Tequesta for
Fiscal Year 2025-26 at a rate of 6.4595 per $1,000 of Assessed Value and setting the Budget Public
Hearings as Follows: September 4, 2025 - 5:30 p.m. - Approve Proposed Budget; and September 11,
2025 - 5;30 p.m.- Adopt Final Budget.
The maximum tax rate is established at this meeting. This is the rate that the Village Council cannot
exceed. The Village Council can reduce this Millage Rate, if desired. Staff recommends setting the
maximum rate at 6.4595
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BUDGET • - •
BUDGET AMOUNT N/A AMOUNT AVAILABLE N/A EXPENDITURE AMOUNT: N/A
FUNDING SOURCES: N/A IS THIS A PIGGYBACK:
❑ Yes 0 N/A
DID YOU OBTAIN 3 QUOTES?
❑ Yes 0 N/A
COMMENTS/EXPLANATION ON SELECTIONVillage Council Approval Requested.
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