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.
RFA uses the population estimates provided by the United States Census Bureau to determine the millage rate increase limitations. According to the United States Census Bureau's website, as of February 23, 2021, the release dates for county and school district populations is May 4, 2021. The release date for incorporated places is May 27, 2021. RFA will strive to provide the millage rate increase limitations as quickly as possible after the population data is released.