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Daytona Beach commission adopts $379.9 million FY2026 budget, raises millage to 5.93
Summary
The Daytona Beach City Commission on Sept. 17 approved a $379,886,487 fiscal year 2026 budget and a 5.93 mill property tax rate, a 4.10% increase over the rollback rate, to fund public safety pay increases and new debt service.
The Daytona Beach City Commission on Sept. 17 adopted the city’s fiscal year 2026 budget and set a property tax (millage) rate of 5.93 per $1,000 of nonexempt assessed value, approving a $379,886,487 spending plan. The commission voted 5–2 to approve both the millage and the budget.
The budget officer told the commission the proposed millage “is a 4.1% increase over the rollback rate of 5.6962” and said the increase represents about $2,320,344 in additional property tax revenue. The officer said the increase and revenue are needed to “fund the public safety pay increases in the amount of $2,700,000 in addition to $1,900,000 in new debt service requirements.”
City staff presented the spending plan as balanced at $379,886,487, including $303,122,176 in operating expenditures, $63,907,392 in transfers and $12,856,919 in capital expenditures. After public comment and discussion, the commission passed a resolution fixing the millage and a separate resolution adopting the budget.
The commission also discussed long-standing debt originally issued in 2004 to finance police facilities. Ben, speaking for legal staff, explained the city issued general obligation bonds in 2004 and later refunded those bonds in 2012: “When we refunded the bonds ... we lowered the net average cost of borrowing over the life of the bond by $2,000,000,” he said, and noted that refundings that reduce cost do not require a referendum under state law.
Commissioners who opposed the measures did not request additional amendments but recorded their votes against both resolutions. The millage resolution passed 5–2; the budget resolution passed 5–2.
The adopted budget takes effect Oct. 1, 2025, and funds and spending categories named in the resolution will be implemented by city departments according to the adopted appropriation and any applicable procurement rules.
