Gainesville’s new fiscal year begins July 1, and the City Council unanimously approved the budget for the next year on Tuesday, June 18. It includes a rolled back millage rate and funds for several capital projects.
The city rolled back the rate to 3.322 mills from 3.364 mills. The rate reflects what the average property owner would have to see in order to keep their payment the same in light of increased assessed property values.
The Council also unanimously adopted the Gainesville Board of Education’s millage rate of 6.614. While the board of education establishes its own budget and tax rate, the Council needs to adopt the rate because the city collects property taxes for the school system.
The $31.9 million city budget keeps rates the same for Gainesville Water Resources.
The budget is 1.8% larger than the current year’s budget due to increased revenue from some sources such as sales taxes and franchise fees.
Projects planned for the next fiscal year include a new skate park, the relocation of Fire Station No. 2 from Holly Drive to Cleveland Highway and a quality-of-life study for the Park Hill Drive area.