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The City Commission approved financing of up to $10.607 million for public safety improvements, including police annex and fire station projects, and up to $7.052 million for land, parking, and related capital improvements. Both measures passed 5-0.
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The city authorized two revenue notes to fund public safety facilities and a parking-related capital project. The public safety debt will be repaid with pledged non-ad valorem revenues rather than property tax collections. Commissioners also set an interim millage rate of 8.0462 mills, 6% above the 7.5907-mill rolled-back rate, and scheduled final budget and millage hearings for September 9 and September 22.
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