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HomeMy WebLinkAboutHandouts_Special Meeting_Tab _09/12/2013 (3) Miilage rate - Last 30 Years -1983 to 2012 with projection for 2013 and proposed 2014 Rate Millage Rate increaseJ(decrease) % increase(decrease) Notes 1983 2.6762 1984 3.1506 0.4744 � 17.73% Increased 1985 4.9200 1.7694 56.16% Increased 1986 5.0867 0.1667 3.39% Increased 1987 5.3126 0.2259 4. tncreased 1988 5.7510 0.4384 8.25% Increased 1989 5.7510 0.0000 0.00% Increased 1990 6.1828 0.4318 7.51% Increased 1991 5.4085 (0.7743) -12.52% Decreased 1992 5.7515 0.3430 6.34% Closest to current 5.7671 mil rate - 21 years ago 1993 5.9000 0.1485 2.58% Increased 1994 5.9140 0.01 0.24% Increased 1995 6.1280 0.2140 3.62% Closest to proposed 6.05 mil rate -18 years ago 1996 6.3425 0.2145 3.50% I ncreased 1997 6.4693 0.1268 2.00% Increased 1998 6.6310 0.1617 2.50% Increased 1999 6.7305 0.0995 1.50% Increas 2000 6.7305 0.0000 0.00% Flat 2001 6.7305 0.0000 0.00% Ffat 2002 6.7305 0.0000 0.00% Flat 2003 6.7305 0.0000 0.00% Flat 2004 6.4980 (0.2325) -3.45% Decreased 2005 6.4980 0.0000 0.00% Flat 2006 6. 4980 0.0000 0.00% Flat 2007 6.4980 0.0000 0.00% Flat 2008 ** 5.7671 (0.7309) -11.25°rb Decreased 2009 5.7671 0.0000 I 0.0 0% Flat 2010 5.7671 0.0000 0.00% Flat 2011 5.7671 0.0000 0.00% Flat � 2012 5.7671 0.0000 0.00% Flat _ � 2013** 5.7671 0.0000 0.00 F lat � 2014 6.0500 _ 0.2829 4.91% PROPOSED MILLAGE RA � 2008 ** Millage rate lowered to 5.7671 yielding $5,667,839 in ad valorem tax revenue. Millage rate remains flat for 5 years 2013 ** Current year ad valorem tax revenue at 5.7671 mils projected to yield $4,337,750 -$1,330,260 less than 2008 revenue