The Revenue and Fiscal Affairs Office (RFA) projects the millage rate increase limitations (millage cap) for local jurisdictions annually. A local governing body may increase the millage rate imposed for general operating purposes above the rate imposed for such purposes for the preceding tax year only to the extent of the increase in the average of the twelve monthly consumer price indices for the most recent twelve-month period consisting of January through December of the preceding calendar year, plus, beginning in 2007, the percentage increase in the previous year in the population of the entity as determined by the RFA. If the average of the twelve monthly consumer price indices is negative or if an entity experiences a reduction in population, that percentage is deemed to be zero for the calculation of the millage increase.
Reference: § 6-1-320.
***UPDATED Release Date: Municipal millage rate increase limitations for FY 2017-18 will be released following publication of the US Census Bureau population estimates on May 25, 2017.***