With a 3 to 2 vote decision, the City of Doral Council voted to set the millage rate for fiscal 2012-13 at 2.2215 mills, lowest rate since the city’s inception in 2003.
The vote took place during a second fiscal budget hearing, 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.
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