In a recent government meeting, officials moved forward with significant financial decisions for the upcoming fiscal year. The council unanimously approved a proposed operating millage rate of 6.5466 per $1,000 of assessed property value for the fiscal year 2025. This rate represents a 6.7% increase above the rollback rate of 6.1379, indicating a strategic approach to funding local services.
Additionally, the council adopted a tentative debt service millage rate of 0.03153, which is crucial for managing the municipality's financial obligations. The motions were supported by a roll call vote, with all members, including Mayor Ophrey and Vice Mayor Minas, casting affirmative votes.
The proposed budget for fiscal year 2025 was also presented, totaling $300,026,932. This budget breakdown was discussed in detail, with staff highlighting the allocations across various funds. The council's approval marks a critical step in the financial planning process, ensuring that the municipality can effectively allocate resources for the upcoming year. Further discussions and questions from council members were encouraged as they move forward with the budget implementation.