On July 20, 2022, Crestview City Council approved a proposed millage rate reduction from 6.9466 to 6.8466. This reduction is the first approved by the council in 7 years.
Near the end of an 8-hour public budget workshop, City Manager Tim Bolduc proposed four options to the council members in attendance.
- Keeping the rate unchanged.
- Adopting the State of Florida’s Rollback Rate.
- Two custom rate reductions of 6.9 and 6.8466.
After discussing the impacts on the City’s revenue, the effects of inflation on the city and its citizens, and Crestview’s continued growth, the council decided to adopt the proposed rate of 6.8466.
“When the council selected me for this position, I made them a promise to reduce the millage rate within my first five years,” Tim Bolduc said. “I’m excited that I could fulfill that promise in my third year on the job, and I feel the council made the right decision for our citizens.”
The council will vote on adopting the new millage rate at the Final Budget hearing scheduled for September 26, 2022, at 5:15 pm.