City caps millage rate at 3.000

By Andrew Warfield
| 4:30 p.m. July 26, 2023

Sarasota
News

The max millage approved by commissioners will support the proposed $285.68 million budget, an increase of $33.75 million — or 13.39%, over the current fiscal year.

In addition to the 3.000 mils, taxpayers are assessed an additional 0.158 mil for 2015 general obligation bonds used to finance construction of the Sarasota Police Department headquarters. Special taxing districts include Golden Gate Streetscape Special District at 1.3596 mils and 2.000 mils each for the St. Armands Business Improvement District and the Downtown Improvement District.

The value of one mil is $15.41 million.

Once the max millage rate are set it cannot be raised, but it may be lowered. The next step in the budget process is the first public hearing on Sept. 5 with a second public hearing and budget adoption on Sept. 19.

author

Andrew Warfield

Andrew Warfield is the Sarasota Observer city reporter. He is a four-decade veteran of print media. A Florida native, he has spent most of his career in the Carolinas as a writer and editor, nearly a decade as co-founder and editor of a community newspaper in Mecklenburg County, North Carolina.