In a recent city commission meeting, officials approved a millage rate of 7.4 mills for the upcoming tax year, contingent upon the funding of seven key projects aimed at enhancing the quality of life for residents. The approval required a supermajority, with at least four votes needed, which was successfully achieved.

The millage rate decision is crucial as it sets the tax rate for property owners, with the potential to generate approximately $1.54 million in additional revenue due to increased property values. However, an alternative rollback rate of 6.733 mills was also discussed, which would maintain current revenue levels but would require only three votes for approval.

Following the millage rate approval, the commission moved on to adopt the annual budget for the fiscal year 2024-2025, which totals $160 million—a 23% increase from the previous year. The budget allocates significant funds towards public safety, with increases in contracts for the Broward Sheriff's Office and fire rescue services, each rising by about $700,000.

City officials emphasized the importance of the budget in supporting ongoing operations and capital projects, with $60 million earmarked for various capital initiatives. While the budget appears robust, concerns were raised about the sustainability of funding for certain projects, as some funds are projected to be in deficit next year and may require interfund loans.

Overall, the commission expressed confidence that the approved budget and millage rate will position the city for future growth and development, ensuring that essential services and projects are adequately funded.