VILLAGE OF INDIANTOWN, FLORIDA RESOLUTION NO.007-2026

A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF INDIANTOWN, FLORIDA, ADOPTING THE TENTATIVE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; SPECIFYING THE DATE, TIME, AND PLACE OF THE SECOND AND FINAL PUBLIC HEARING TO ADOPT A FINAL BUDGET; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

On July 23, 2026, the Village Council approved the proposed millage rate to be transmitted to the Property Appraiser for inclusion in the TRIM notices. On August 27, 2026, the Village Manager and Finance Director presented the proposed FY2026-2027 budget to the Village Council. The resolution for the FY2026-2027 Tentative Budget also establishes the second and final public budget hearing for September 24, 2026, at 6:00 p.m. at the Bob Souza Civic Center located at 15655 SW Osceola Street, Indiantown, FL 34956.

The Tentative Millage rate of 1.8250 mills is expected to generate an increase of $149,230 in ad valorem revenue, based on 95% collection. Maintaining the prior-year millage rate of 1.8250 mills represents a 2.9% increase from the computed rolled-back rate of 1.7736 mills.  

The FY2026-2027 Tentative Budget includes $8,152,040 for the General Fund, which includes $562,000 in capital improvements for soccer field renovations and building improvements in Parks, $718,000 in capital improvements for Public Works for roads, streets and drainage. The Tentative Budget also anticipates collection of $1,448,000 of Mobility Fees and Discretionary Sales Taxes reported in the Special Revenue Funds, and $35,340,200 for the Water & Sewer Enterprise Fund, of which includes $32,200,000 for ongoing capital improvements for wastewater improvements, as well as improvements to the existing water plant and construction of the new reverse osmosis water plant.  

The total FY 2026-2027 Tentative Budget is $44,940,240.00 across all funds, which is an increase of $3,037,955 over the FY 2025-2026 adopted budget. The increase is primarily attributable to the inclusion of State and Federal funding for the construction of new water and wastewater infrastructure.

The FY27 Tentative Budget includes an additional 1.50 Full-Time Equivalent (FTE) positions for Park Rangers within the Parks Department. With the addition of the Public Works/Utilities Project Engineer position, the Village’s personnel complement will total 45.0 FTEs.

The proposed Fiscal Year 2026-2027 Tentative Budget is a positive step forward after enduring losses in ad-valorem revenues in three of the prior five years.  This underscores the volatility of the Village’s tax base of tangible personal property, which remains more than 84% of the entire taxable value of the Village of Indiantown.  Although the Village is projected to realize a 2.9% increase in ad-valorem revenue in the coming year, this is still approximately 1% below the 2024 tax roll for Fiscal Year 2024-2025.  Additional new construction property values are anticipated to come onto the tax roll in 2027.  However, the taxable values of that new construction is largely weighted toward new residential homes. The taxable value increases may be damped, pending the outcome of Amendment 3 to increase additional homestead exemption amounts, which will go before the voters in November of this year.  

Staff recommends approval of the Tentative Budget for Fiscal Year 2026-2027 for a total appropriation of $44,940,240.