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Punta Gorda sets rollback millage rate for 2025 TRIM notice, council to revisit in September
Summary
Council selected the rollback millage rate of 3.8686 for the upcoming TRIM notices, instructing staff to prepare a resolution. Members cited a desire to preserve reserves while monitoring post‑hurricane fiscal risks; the council may revisit the rate during budget hearings in September.
Punta Gorda City Council on July 2 voted to set the rollback millage rate at 3.8686 for the 2025 Truth in Millage (TRIM) notice the city must publish. The rollback rate preserves the city—s ability to collect increased revenue produced only by new construction rather than raising rates on existing property values.
Finance Director Kristen Simeone presented the certified taxable values from the Charlotte County property appraiser…
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