Press Release 21-51 (09-26-21) Millage Rate for Fiscal Year 2022

09-16-21

21-51

The City of Marco Island Presents Balanced Budget and a “Rolled-Back” Millage Rate for Fiscal Year 2022 On September 20, 2021 the Marco Island City Council will conduct a public hearing on the proposed fiscal year 2022 City budget. Under the Florida Truth in Millage Act the City must advertise the proposed millage rate based on the “aggregate” millage rate, which includes Hideaway Beach Taxing District. The Hideaway Beach District Board approved a tax increase which raises the aggregate millage rate. Marco Island residents may see an advertisement saying that the City is raising property taxes, however only Hideaway Beach Taxing District residents will see an increase. The City’s proposed millage rate is at “roll-back” which means no tax increase for city-wide taxpayers.

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