For Immediate Distribution
September 20, 2012
Media Contact: Natalie French
Doral Approves Lowest Millage Rate in City's History
Doral, FL – With a 3 to 2 vote decision, the City of Doral Council voted to set the millage rate for Fiscal Year 2012-2013 at 2.2215 mills, the lowest rate since the city’s inception in 2003.
The vote took place during the second budget hearing for FY 2012-2013, lowering the millage rate even more than the one set during the first budget hearing. The millage rate set by the City Council means property owners will be taxed $2.2215 for every $1,000 of assessed taxable value.
The approved millage rate is almost 1% lower than the roll back rate.
After the change of millage rate, the Council voted 3-2 to approve and adopt a $58 million balanced budget by eliminating $177,000 of capital outlay.