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Home Municipal News City to address projected $2.5 million budget deficit; public hearings set for...

City to address projected $2.5 million budget deficit; public hearings set for Sept. 13, 27

The Hollywood Commission set the not-to-exceed property tax, or millage, rate during a recent meeting. This millage rate is 7.7363. The operating millage rate is 7.4479 and the millage for the voter debt service is 0.2884. General Fund Revenue is expected to be $256.5 million and General Fund Expenditures are expected to be $258.9 million.

The current budget does not include fiscal year 2018 pension costs for general employees and police personnel or bargaining costs for fire and police personnel. There are still unresolved pension issues including the 13th check matter, which is still in litigation. And there are 23 frozen positions at public works, finance, development services, the police department and information technology.

The Commission will have to address a projected $2.5 million budget deficit. The City will be receiving additional money from the new FPL plant. Also property values in Hollywood have increased and this means more money will be collected from property owners.

Hollywood will unfreeze two positions in public works, three civilian positions in the police department, and two positions at code enforcement. It will restore street maintenance and beautification.

The budget hearings in which the Commission will adopt the proposed and final operating budget will take place in September. The budget must be approved by October 1.

Budget hearings will take place on Wednesday, September 13 at 5:30 p.m. and Wednesday, September 27 at 5:30 p.m. in the commission chambers at 2600 Hollywood Boulevard Room 219, Hollywood, FL 33020.

David Volz
David Volz
David Volz has been a reporter for Hollywood Gazette since 2011 and has worked for numerous community news publications throughout South Florida over the past two decades including the South Florida Sun-Sentinel, Miami Herald and South Florida Business Journal. He is a Professor in the Business department at Broward College and the editor of the Coral Springs Connection, an online community news website. He covers city government, schools, sports events, cultural activities, faith groups and workplaces.

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