Coral Springs will hold its first 2012 budget hearing on Wednesday, September 12 at 5:15 p.m. in the Commission Chambers at City Hall, 9551 West Sample Road. The hearing also will be televised on CityTV, Channel 25 on Advanced Cable Communications and Channel 99 on AT&T’s U-Verse.
The purpose of this meeting is to review the City’s Fiscal Year 2013 budget. At the City’s Business Plan workshop held on July 24, the City Manager presented to the Commission an outline of proposed Business Plan initiatives for the fiscal year beginning October 1, 2012. The recommended initiatives are geared toward enhancing the aesthetics of the City, education, business development, and community safety.
The City Commission will be considering the balanced proposed budget using a millage rate of $4.5697, which is 4% higher than the FY 2012 millage rate of $4.3939. The additional tax dollars raised by the proposed tax increase would be allocated toward such projects as reducing the use of the City’s financial reserve, hiring three additional police officers, purchasing equipment for the Police Department’s new Burglary Enforcement and Reduction Unit, starting the design work for a new Safety Town, and renovating Sartory Hall. The impact to the average single-family homeowner would be $42.62 per year in additional property taxes to the City.
The voter-approved Debt Service Millage Rate, on the other hand, will decrease slightly from $0.2915 to $0.2906. In addition, the Residential Solid Waste Special Assessment will decrease by $6.48 to $227.16 per year. There is no proposed increase in user fees.
This budget hearing is an important part of the City’s budget process. A second budget hearing will be held Tuesday, September 18 at 7 p.m. in the Commission Chambers at City Hall. The adopted millage and assessment rates will be confirmed at this time.
To view the City’s adopted Fiscal Year 2012 Business Plan, visit www.coralsprings.org/publications.