TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: September 09, 2026
Title
ADOPTING AN OPERATING BUDGET FOR THE CITY OF MARGATE, FLORIDA, FOR THE PERIOD BEGINNING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027; PROVIDING FOR A BUDGET FOR THE GENERAL FUND, SPECIAL REVENUE FUNDS, DEBT SERVICE FUNDS, CAPITAL PROJECTS FUNDS, ENTERPRISE FUNDS, AND AN INTERNAL SERVICE FUND; PROVIDING FOR A MILLAGE RATE; PROVIDING FOR REPEAL; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
BACKGROUND: The Fiscal Year 2027 budget for all funds totals $251,248,610. The General Fund is $90,665,628 and the Enterprise Funds (Water/Wastewater and Stormwater Fund) total $137,704,401 and are self-supporting from user fees. The tentative FY 2027 General Fund budget reflects a $5,294,414 (6.20%) increase from the adopted FY 2026 General Fund.
There was a slight increase in the fire assessment rate with the residential rate at $305 per household; other non-residential property use categories and nursing home properties increased slightly.
This tentative budget provides for a decrease in the total millage of 0.0219 mills from 7.5378 mills to 7.5159 mills. This total millage is reflective of a 0.3988 debt service millage which includes the 2019 voter approved parks bond.
RECOMMENDATION: Approve
FISCAL IMPACT: As per Fiscal Year 2027 budget
CONTACT PERSON: Ismael Diaz, Finance Director