Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Proposed Kenneth City tax rate aims to keep pace

KENNETH CITY — This town, like several local governments in the county, is proposing to raise the tax rate in the coming year to make ends meet.

Kenneth City's proposed budget for the 2008-2009 fiscal year would increase the tax rate from its current 3.4448 mills to 3.9902 mills. A mill is $1 of tax for every $1,000 of non-exempt assessed property value.

The proposed millage would go to finance an operating budget of about $2.226-million, which is about $30,100 less than the current $2.256-million budget.

Kenneth City is not the only government to propose increasing its tax rate to offset losses caused by lowered property values and the effect of Amendment 1. The cities of Pinellas Park and Clearwater, and the Lealman Fire District and the Juvenile Welfare Board have similar proposals on the table.

But none of the millages are definite. All the bodies must hold two public hearings before passing final budgets and millage rates.

The millage rates could drop at those hearings, but they would not increase from the proposed rate. Kenneth City's first budget hearing is set for Aug. 28.

Although voters passed Amendment 1 in an effort to lower taxes, the legislation left a couple of loopholes. One of those is the ability to alter "roll" rates.

The roll rate is the tax rate, or millage, that a city would charge to get the same amount of dollars from property taxes that it got the preceding year.

It works this way: If property values stay the same from one year to the next, and a city wants to get the same amount of money, its millage, or tax rate, would not change.

But if property values go up and a city does not want to collect more money than it did the year before, it would decrease its millage, or tax rate. That's called a rollback.

If property values drop, the city would have to increase its millage rate to get the same dollar amount it got the year before. Some call that a roll forward.

Because property values dropped this year, Kenneth City would get less money than it did this year by maintaining the current tax rate. But because the town needs about the same amount of money for next year, it needs to increase the tax rate somewhat.

Proposed Kenneth City tax rate aims to keep pace 08/02/08 [Last modified: Wednesday, August 6, 2008 4:32pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Lightning edges Red Wings on road

    Lightning Strikes

    DETROIT — The digs were different, the Lightning seeing the masterfully-done new Little Caesar's Arena for the first time.

    Lightning center/Red Wings’ killer Tyler Johnson gets past defenseman Trevor Daley on his way to the first goal of the game.
  2. Armwood pulls away to defeat Plant 27-7, remain undefeated

    Footballpreps

    SEFFNER — First-year Armwood coach Evan Davis pulled out all the stops to get his team psyched for Monday's annual grudge match against Plant.

    Armwood defensive end Malcolm Lamar (97) gets fired up before the start of the game between Plant High School Panthers and the Armwood High School Hawks in Suffer, Fla. on Monday, Oct. 16, 2017.
  3. Clearwater police: Car thief dead after owner fires gun

    Crime

    CLEARWATER — One man is dead after the owner of a car fired shots at the thieves who were stealing it Monday night, police said.

  4. Iraqi forces sweep into Kirkuk, checking Kurdish independence drive

    World

    KIRKUK, Iraq — After weeks of threats and posturing, the Iraqi government began a military assault Monday to curb the independence drive by the nation's Kurdish minority, wresting oil fields and a contested city from separatists pushing to break away from Iraq.

    Iraqi security forces patrol Monday in Tuz Khormato, about 45 miles south of Kirkuk, a disputed city that the government seized in response to last month’s Kurdish vote for independence.
  5. Trump and McConnell strive for unity amid rising tensions

    National

    WASHINGTON — President Donald Trump and Sen. Mitch McConnell, the Republican leader, tried to convey a sense of harmony Monday after months of private feuding that threatened to undermine their party's legislative push in the coming weeks to enact a sweeping tax cut.

    President Donald Trump and Senate Majority Leader Mitch McConnell field questions Monday in the Rose Garden of the White House. “We have been friends for a long time,” Trump said.