City Council adopts FY2026 final millage and budget

As required by Florida statute, this item is to discuss the final millage rate and proposed budget, both to be approved by resolution. Under Florida’s Truth in Millage (“TRIM”) statutes (ss. 200.065, 200.069, Florida Statutes), all property owners were notified of the tentative millage (5.0000 mils) levy by the Notice of Proposed Property Taxes (“TRIM Notice”), sent by mailing from the Volusia County Property Appraiser in August. At a Special Meeting on September 3, 2025, the City Council approved a tentative millage rate of 4.9750 mills. The current fiscal year's operating millage rate is 4.9750 per $1,000 assessed taxable value; the current year's gross taxable value for operating purposes is $5,857,514,423, as certified by the Volusia County Property Appraiser. The Final Millage rate of 4.9750 mills is an increase of 4.10% over the rolled back rate of 4.7790 mills. The City Manager will start the discussion with comments on the increase in millage over the rolled-back rate necessary to fund the budget, and the specific purposes for which ad valorem tax revenues are being increased. City Council will then have an opportunity to discuss the final millage rate and the proposed budget regarding the reasons for the increase in the final millage above the rolled back rate. Council will then hear comments and questions from the public. | attachments=1 | reports=1

Per Florida Statute Section 200.065, the City Council shall adopt a final millage rate prior to the adoption of a final budget and shall otherwise comply with the controlling provisions of the law. The Volusia County Property Appraiser has certified the gross taxable value of property for operating purposes within the City as $5,857,514,423 and certified a rolled-back rate of 4.7790 per $1,000 of taxable value for the City of Port Orange. The City Council deems it necessary to levy and does hereby levy a final tax of 4.9750 mills upon all real and personal property within the City for operational purposes. The operating levy of 4.9750 per $1,000 represents a 4.10% increase from the rolled-back rate of 4.7790 per $1,000 of taxable value. The final operating millage for Fiscal Year 2025-2026 would provide a budget of $27,684,078 at 95% in ad valorem proceeds. The required millage for the 2006 General Obligation voter-approved debt service, which was refunded in 2016, is 0.1623 mills. The required voter debt service would be budgeted at $903,238 at 95%. | attachments=1 | reports=1

This is a request for the City Council to approve the final budget for Fiscal Year 2025 - 2026. Both the Eastport CRA and Town Center CRA approved their respective budgets during separate meetings on August 5, 2025, and submitted them to the City of Port Orange for inclusion in the City’s budget. The City Council of the City of Port Orange has complied with all requirements and procedures of Florida law in processing this resolution. The City Council pursuant to the Charter of the City of Port Orange and Chapter 166, Florida Statutes, does hereby adopt the final General Fund, Special Revenue Funds, Debt Service, Capital Improvement Funds (CIP), Enterprise Funds and other Internal Service Funds, in the amount of $223,696,012 and is attached to the Resolution as Exhibit "A". Florida Statutes, including Section 200.065, provide that the City Council shall adopt a Final Millage Rate prior to the adoption of a Final Budget and shall otherwise comply with the controlling provisions of Florida law. | attachments=2 | reports=1