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News: Two Big Events Wednesday
September 22nd, 2007

News: Disputed Seawall Still Reverberates
September 13th, 2007

News: Cemetery Pt. Park Boardwalk Nearly Done
September 12th, 2007

News: Future Bond Issues Need Voter Approval
September 9th, 2007

News: Airport Committee Accepts FDOT Demands
September 7th, 2007

News: Refuse Removal Rates Raised
September 5th, 2007

News: Supermarkets Offer Free Antibiotics
September 5th, 2007

News: Proposed 9% Rate Increase for Water & Sewer
August 31st, 2007

News: Cedar Key Students Now Have Art
August 29th, 2007

News: Police Beat: August 4 to 18
August 22nd, 2007

News: Crash at Cedar Key Airport
August 22nd, 2007

News: Cedar Key Initial Tax Rate Set
August 8th, 2007

News: Motel Plans Fail Approval
August 8th, 2007

News: For Sale Sign Overkill
August 6th, 2007

News: C Street Bridge Worse than Minneapolis Bridge
August 2nd, 2007

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Cedar Key Tax Rate and Budget Set

Cedar Key Tax Rate and Budget Set

Jim Hoy

The public hearing of the Cedar Key budget for 2006-2007, held September 7, was attended by the Commission, the City Attorney, one citizen, one reporter, four City employees, one representative from the Fire Department and two from the Local Planning Agency. In eighteen minutes the Commission unanimously approved the budget and voted to set the millage rate at 3.125 mils, a reduction from last year's rate of 3.250 mils, and heard a report from the Fire Department. The millage rate results in a tax of $68.31 for each $100,000 of assessed taxable property.

The budget is balanced with revenues equal to expenses of $2,154,805. The departmental budgets and associated largest items are as follows: Clerk's Office, $246,682 with $70,000 for Attorney's fees; Police Department, $443,946 with Insurance $55,000; Fire Department, $117,451 with Equipment/Supplies at $30,000; Maintenance/Street Department, $197,500 with $30,000 for Insurance; Building Department, $243,363 with $75,000 for Feasability Study; Docks/Cemetery/Parks Department, $378,417 with $200,000 for Cemetery Point Project.

Under Non-departmental expenses, $100,000 was set aside for extra attorney's fees and $50,000 for contingencies.

The final budget hearing will be held September 18, 6:00 PM at City Hall.

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