Photo by Gabriele Huffman
Treasure Island Commissioners voted Sept. 15 to use the lower rollback property tax rate for the coming fiscal year after splitting over a difference that amounts to about $60,000 citywide.
The proposed rate was 3.8129 mills, the same rate Treasure Island has used for several years. A mill equals $1 in property taxes for every $1,000 of taxable property value. The rollback rate was 3.7922 mills.
The difference is relatively small when spread across the city. According to the City’s finance presentation, it amounts to about $60,000 in total, or roughly 86 cents a month for the average household.
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That’s not all that happened at the Sept. 15 Treasure Island Commission meeting. Read about City Attorney requests, a Public Safety building, Thunderbird redevelopment, Treasure Bay workshop, and several local concerns.
Higher Rate Fails, Rollback Passes
Commissioners Chris Clark (District 2), Arden Dickey (District 4), and Mayor John Doctor voted for the higher rate, while Vice Mayor Tammy Vasquez and District 3 Commissioner Arthur Czyszczon voted against it. Because of state requirements, the higher rate needed four votes and failed 3-2.
The rollback rate then passed, also by a 3-2 vote. This time Vasquez, Czyszczon, and Doctor supported it, while Clark and Dickey voted no.
The budget itself later passed 3-2, with Vasquez and Czyszczon opposed.
The result means Treasure Island will use the lower rollback millage rate, even as taxable property values in the City have risen.
The next Treasure Island Commission meeting is Oct. 6 at 6 p.m.
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