Legislation Details

File #: ID 2026-220    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 8/13/2026 In control: City Commission Budget Hearing
On agenda: 9/9/2026 Final action:
Title: APPROVING THE PROPOSED MILLAGE RATE FOR THE CITY OF MARGATE FISCAL YEAR 2026/2027 IN THE AMOUNT OF 7.5159 MILLS PER THOUSAND DOLLARS OF ASSESSED VALUATION (WHICH INCLUDES 0.3988 FOR VOTED DEBT SERVICE); THAT THE OPERATING MILLAGE RATE OF 7.1171 IS 5.15% HIGHER THAN THE ROLLED BACK RATE OF 6.7688.
Attachments: 1. RESOLUTION
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TO:                     Mayor and City Commission

 

FROM:                     Cale Curtis, City Manager

 

DATE:                     September 09, 2026

 

 

Title

APPROVING THE PROPOSED MILLAGE RATE FOR THE CITY OF MARGATE FISCAL YEAR 2026/2027 IN THE AMOUNT OF 7.5159 MILLS PER THOUSAND DOLLARS OF ASSESSED VALUATION (WHICH INCLUDES 0.3988 FOR VOTED DEBT SERVICE); THAT THE OPERATING MILLAGE RATE OF 7.1171 IS 5.15% HIGHER THAN THE ROLLED BACK RATE OF 6.7688.

 

Body

 

BACKGROUND:                     The proposed FY 2026/2027 millage for the City is 7.5159 mills per thousand dollars of assessed valuation including 0.3988 mills for voted debt service. The operating millage rate for FY 2026/2027 of 7.1171 was not increased from FY 2025/2026.   Total proposed millage decreased by 0.0219 from the prior year. 

 

RECOMMENDATION:                     Approve.

 

 

FISCAL IMPACT:                     As per Fiscal Year 2026/2027 budget.

 

 

CONTACT PERSON:                                          Ismael Diaz, Finance Director