Orlando Mayor Buddy Dyer and the Orlando City Council will hold a workshop and two public hearings to determine the millage rate and budget for Fiscal Year 2019/2020.
The city has proposed a balanced budget without raising taxes or making any major reductions to programs. To read about the City of Orlando’s budget visit Orlando.gov/budget
The proposed millage rate of 6.6500 has been kept the same for five consecutive years. What is a millage rate? Investopedia defines it below:
"Millage rates are the tax rates used to calculate local property taxes. The rate represents the amount per every $1,000 of a property's assessed value. Assigned millage rates are multiplied by the total taxable value of the property in order to arrive at the property taxes."
Schedule of Events:
Budget Workshop - Monday, July 22, 10 a.m, Orlando City Council Chambers. Mayor Dyer and the Orlando City Council will hear a presentation entitled “Budget Workshop,” presented by Deputy Chief Financial Officer Brian Battles.
Budget Hearing - Tuesday, September 3rd, 5:01 p.m., Orlando City Council Chambers. First public Budget Hearing to adopt proposed millage rate for Fiscal Year 2019/2020, and establish a tentative budget and Capital Improvement Program.
Budget Hearing - Monday, September 16, 2019, 5:01 p.m., Orlando City Council Chambers. Final public Budget Hearing to adopt the millage rate for Fiscal Year 2019/2020, and set the budget and Capital Improvement Program.