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The City Commission unanimously approved the fiscal year 2025/2026 operating budget and a 7.5378-mill property tax rate, including 0.4207 mills for voted debt service. The operating rate is 7.47% higher than the 6.6221 rolled-back rate; the vice mayor said the city has not raised taxes for eight consecutive years.
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Margate approved its budget for October 1, 2025, through September 30, 2026, covering general operations, debt service, capital projects, enterprise funds and other city funds. The approved property tax rate is 7.5378 mills per $1,000 of assessed value. The meeting minutes report no public discussion, and all five commissioners voted in favor.
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