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Date of Issue: July 12, 2007

Anna Maria budget preview expected July 12

Anna Maria city commissioners will have their work cut out for them later this month when they tackle Mayor Fran Barford’s proposed 2007-08 budget - most likely to include some “belt tightening” of services and expenditures. That’s because the Florida Legislature has mandated that municipal expenditures must drop by at least 9 percent for the 2007-08 fiscal year compared with last year’s figures.

City treasurer Diane Percycoe said she recently received the city’s DR 420 (certificate of taxable value) from the Manatee County Property Appraiser’s Office and, along with city clerk Alice Baird and other city staff, worked this past weekend to prepare a preliminary budget by July 11 for Barford.

The commission is expected to briefly discuss the budget at its July 12 meeting, then set a date for its first budget workshop, probably in late July.

The city’s 2007-08 budget is $2.37 million, not including a $1 million line of credit. A 9 percent drop in expenditures would put the upcoming budget at $2,156,700, a decrease of $213,300.

According to the DR 420, the city’s gross taxable value for 2007-08 will be $799 million, up 2.9 percent ($22.5 million) from last year’s $776,500,000. The city’s current millage rate is 2.0 mils, a figure that should drop accordingly when the city lowers expenditures to meet the new legislative requirements.

A mill is $1 for every $1,000 of propery value, less any applicable exemptions.

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