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Coral Gables sets millage at 5.559 while adopting July budget estimate
Summary
The City Commission approved a 5.559 millage rate and reviewed the city's July 1 budget estimate, projecting operating revenues of about $281 million and a total FY26 revenue estimate near $312.5 million; commissioners asked staff for further scenarios over the summer.
Coral Gables commissioners on July 2 voted to set the city's tentative millage rate at 5.559 mills and reviewed the July 1 budget estimate that will guide work on the fiscal 2026 budget.
Assistant Finance Director Paula Rodriguez told the commission the July 1 estimate is based on June 1 property values and will be certified to the property appraiser by Aug. 4. Rodriguez said the estimate shows roughly $281 million in operating revenues, transfers from reserves and restricted funds that bring available resources to about $312.5 million, and proposed expenditures of about $308.2 million before final adjustments.
The presentatio…
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