BUDGET REVIEW

TO2635 - An Ordinance of the City Commission of the City of Tamarac, Florida to establish and levy ad valorem taxes within the corporate limits of the City of Tamarac, Florida, for the Tax Year 2026; providing for the levy of ad valorem taxes in the amount of 7.0000 mills ($7.0000 per $1,000) based upon the taxable value on non-exempt real and personal property located within the city limits of the City of Tamarac; providing for conflicts; providing for severability; and providing for an effective date.

The Director of Financial Services recommends that TO #2635 for the setting of millage rate for Fiscal Year 2027 be placed on the agenda for the first Public Hearing on September 14, 2026 and for the second Public Hearing on September 23, 2026.

The first public hearing for the City of Tamarac Fiscal Year 2027 Millage Rate and Budget is Monday, September 14, 2026, at 5:05 p.m.  The second public hearing for the City of Tamarac Fiscal Year 2027 Millage Rate and Budget is Wednesday, September 23, 2026, at 5:05 p.m.

Florida Statutes requires that the millage rate be adopted at a public hearing.  Temporary Ordinance #2635 provides for the adoption of the millage rate for Fiscal Year 2027 for the City’s General Fund.   The preliminary millage rate of 7.0000 mills was established as a not to exceed millage rate by the City Commission on July 8, 2026 pursuant to Resolution R-2026-048 and authorized to be published on the TRIM notices.  The preliminary millage rate of 7.0000 for the Fiscal Year 2027 General Fund Budget is an increase of .3009 mills above the rolled-back millage rate of 6.6991 or a 4.49% increase.

State law requires that municipalities set a tentative millage rate at the first Public Hearing and adopt a millage rate at a second Public Hearing.