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Daytona Beach Shores proposes 4.588 mills for FY 2025-26; first budget hearing set for Sept. 8
Summary
The City Commission set a proposed millage rate of 4.588 mills per $1,000 for fiscal year 2025-26, a 3.03% increase over the rollback rate; staff presented estimated monthly impacts and scheduled the first budget hearing for Sept. 8 at 6 p.m.
The Daytona Beach Shores City Commission on July 28 adopted a resolution setting the proposed millage rate for fiscal year 2025-26 at 4.588 mills per $1,000 of taxable value, a 3.03% increase over the rollback rate. The resolution passed 5-0.
Staff said the proposed rate is the maximum the commission may approve today; the rate may be reduced at later hearings but not increased above 4.588. Finance staff outlined estimated resident impacts based on average taxable values: staff presented a combined average monthly increase of $3.43 per month, an estimated $4.31 per month for single-family homes (based on an average taxable value of $382,000) and $3.36 per month for condominiums.
Commissioners and staff noted that the rollback rate is calculated to yield the same revenue as the prior year based on current property valuations supplied by the county property appraiser. Staff said the first budget hearing on the millage and budget will occur Sept. 8 at 6 p.m.
The commission's vote was recorded as 5-0. Staff showed comparisons with the 16 Volusia County municipalities and said Daytona Beach Shores would be in the lower quadrant of millage rates among those cities.
The staff presentation included both the numerical millage proposal and estimated residential impacts to help residents compare monthly and annual changes under the proposed rate. The commission took no further changes at the special meeting and moved the proposal to the public budget process with the scheduled hearings.
