Agenda Item: 6(a)
Prepared By: Melissa Hinton, Budget Manager
Business: Public Hearing
Department: Finance
Subject:
Title
Resolution - Adopting the Tentative FY2026 Millage Rate - City of Marco Island - Melissa Hinton, Budget Manager, Finance Department
Body
BACKGROUND:
City Council is requested to consider the attached resolution setting the tentative millage rate for the 2026 City Budget. This resolution conforms with the discussions at your August 25, 2025 City Council meeting.
To comply with the TRIM regulations, City Council is required to take separate actions in a specified order. At each of the public hearings, the public may speak and ask questions before Council adopts any measures. Council must then adopt a millage rate before it adopts a budget. The millage rate and budget must be adopted by separate votes at the advertised hearing. The final millage rate adopted at the second hearing cannot exceed the tentatively adopted millage rate.
The proposed tentative millage rate is the rate of 1.2400 mils for City operations. The City staff is recommending an amendment to the Resolution to approve a millage rate of 1.267 to generate approximately $500,000 in additional revenue to fund the Winterberry beach boardwalk replacement.
At the hearing, prior to adoption of the millage levy resolution, the following must be announced:
1. The name of the principal taxing authority is the City of Marco Island, Florida.
2. The current year aggregate rolled-back rate is 1.2449 mils.
3. The current year proposed aggregate millage rate is 1.3228 mils.
4. The change over the aggregate rolled-back rate is an increase of 6.26 percent.
5. The millage rate to be levied is 1.2400 mils for City of Marco Island.
6. The City has a dependent special district and the Board of Supervisors of the Hideaway
Beach Special Taxing District at their May 20, 2025 meeting recommended a tax levy of 1.600 mil for district operations.
FUNDING SOURCE / FISCAL IMPA...
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