During a recent meeting, the Hollywood Commission set the yearly limit on the millage rate.
The Fiscal Year 2020’s proposed millage rate is 7.9750, while the operating millage rate remains the same at 7.4665. The overall increase is due to the voter approved General Obligation Bond. This means an average homeowner with a property valued at $185,000 will pay $1,475, a $51 increase from last year’s $1,424.
A Capital/General Obligation Bond Workshop has been scheduled for Wednesday, August 28 at 9:00 a.m. at City Hall.
Public hearings on the Fiscal Year 2020 Proposed Budget are scheduled for Thursday, September 12 and Thursday, September 26, both at 5:30 p.m. at City Hall.