HomeMy WebLinkAbout2025 07 14 Regular 500 - Budget Overview and Proposed Operating Millage Rate for Fiscal Year 2025-2026REGULAR AGENDA ITEM 500
CITY COMMISSION AGENDA | JULY 14, 2025 REGULAR MEETING
TITLE
Budget Overview and Proposed Operating Millage Rate for Fiscal Year 2025-2026
SUMMARY
Staff requests the City Commission receive the Fiscal Year 2026 Budget Overview and
consider approval of Resolution 2025-10 regarding the information to be
communicated to the Property Appraiser on the DR-420 forms which sets the
proposed Operating Millage Rate, establishes the Rolled-Back Rate; and sets the date,
time and place for the Public Hearing to consider the Proposed Millage Rate and
Tentative Budget.
The FY 2025-2026 Proposed Budget as transmitted by the City Manager on July 1, 2025
incorporated an Operating Millage Rate of 2.6200. Gross taxable value from the
Property Appraiser (inclusive of new construction and annexations) as reflected on the
DR-420 is $3,983,473,295 which is 6.6% more than the DR-403 valuation of FY 2024-
2025.
Operating Millage Rate FY 24/25 FY 25/26 Change
2.6200 2.6200 0.00%
The resolution also establishes the Rolled-Back Millage Rate at 2.4730 mills calculated
on form DR-420. The Rolled-back Millage Rate is that rate which produces the same
amount of taxes as levied in the prior year when calculated against the current year’s
tax base exclusive of new construction. The Proposed Operating Millage Rate of
2.6200 is 5.9% more than the calculated Rolled-back Millage Rate. The Resolution sets
the date, time, and place of the Public Hearing to consider the Proposed Millage Rate
and Tentative Budget – September 8, 2025 at 6:30PM at 1126 East State Road 434,
Winter Springs Florida (Commission Chambers). The meeting time cannot change once
it has been reported as such on the DR-420.
For reference the electronic version of the budget can be found on the City Website at:
https://www.winterspringsfl.org/finance/page/annual-budget-reports
FUNDING SOURCE
RECOMMENDATION
Staff recommends the City Commission adopt Resolution 2025-10 setting the
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Proposed Operating Millage Rate at 2.6200 mills and establishing the Rolled Back
Millage Rate at 2.4730 mills. Additionally, staff recommends the City Commission
establish the date, time, and place for a Public Hearing regarding the Proposed Millage
Rate and Tentative Budget as September 8, 2025 at 6:30 PM at 1126 East State Road
434, Winter Springs, Florida.
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City of Winter Springs
Resolution No. 2025-10
Page 1 of 2
RESOLUTION NO. 2025-10
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE ROLLED-BACK
RATE; COMPUTING A PROPOSED MILLAGE RATE (CAP); AND
SETTING THE DATE, TIME AND PLACE OF A PUBLIC HEARING TO
CONSIDER THE PROPOSED MILLAGE RATE AND TENTATIVE
BUDGET FOR FISCAL YEAR 2025-2026; PROVIDING FOR REPEAL OF
PRIOR INCONSISTENT RESOLUTIONS; SEVERABILITY; AND AN
EFFECTIVE DATE.
WHEREAS, Florida Statute 200.065 (2) (a) 1 expressly provides that municipalities shall
compute a proposed millage rate; and
WHEREAS, Florida Statute 200.065 (2) (b) requires that within 35 days of certification of
value, each taxing authority shall advise the property appraiser of its proposed millage rate, of its
rolled-back rate, and of the date, time, and place at which a public hearing will be held to consider the
proposed millage rate and the tentative budget; and
WHEREAS, Florida Statute 200.065 (2) (c) further requires that within 80 days of certification
of value, but not earlier than 65 days after certification, the governing body of each taxing authority
shall hold a public hearing on the tentative budget and proposed millage rate; and
WHEREAS, the City Commission of the City of Winter Springs deems that this Resolution is
in the best interest of the public health, safety, and welfare of the citizens of Winter Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct and
are hereby fully incorporated by this reference.
Section 2. Proposed Millage Rate. The proposed operating millage rate for the City of Winter
Springs, Florida for the Fiscal Year 2025-2026 is set at 2.6200 mills which is 5.9% greater than
the computed aggregate rolled-back rate of 2.4730 mills.
Section 3. Public Hearing. A public hearing shall be held in the City Commission Chambers
located at City Hall, 1126 East State Road 434, Winter Springs, Florida, on September 8, 2025 at 6:30
P.M. to consider the adoption of the proposed millage rate and the tentative budget for Fiscal Year
2025-2026.
Section 4. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith are hereby repealed to the extent of the conflict.
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City of Winter Springs
Resolution No. 2025-10
Page 2 of 2
Section 5. Severability. If any section, subsection, sentence, clause, phrase, word, or portion
of this Resolution is for any reason held invalid or unconstitutional by any court of competent
jurisdiction, such portion shall be deemed a separate, distinct and independent provision and
such holding shall not affect the validity of the remaining portion hereto.
Section 6. Effective Date. This Resolution shall become effective immediately upon
adoption by the City Commission of the City of Winter Springs, Florida.
RESOLVED by the City Commission of the City of Winter Springs, Florida in a
regular Commission meeting assembled on the 14th day of July, 2025.
______________________________
Kevin McCann, Mayor
ATTEST:
_________________________________
Christian Gowan, City Clerk
Approved as to legal form and sufficiency for
the City of Winer Springs only:
__________________________________
Anthony A. Garganese, City Attorney
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