City Commission Sets Millage Rate
Business
SRQ DAILY MONDAY BUSINESS EDITION
MONDAY JUL 28, 2014 |
Following two days of review of the proposed fiscal year 2014-2015 budget, the City Commission unanimously set the preliminary operating millage rate at 3.1728 mills. This is the same millage rate as last year. The proposed 2014-15 total budget is $198 million – a three percent increase from the current budget. The increase is due primarily to projected increases in retiree medical claims and planned spending in several revenue funds, including the Community Redevelopment Agency.
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