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Fort Lauderdale presents preliminary budget, Stantec forecast projects long‑term gap without new revenue or cuts
Summary
City staff presented a preliminary balanced fiscal 2026 budget, proposed using one‑time PFAS funds for an emergency reserve and to advance capital, and the consultant Stantec warned of structural deficits later in the decade unless the city raises revenue or reduces spending.
Fort Lauderdale city staff and the Budget Advisory Board presented a preliminary fiscal 2026 general fund budget June 17 that keeps the millage rate unchanged and recommends directing one‑time PFAS settlement proceeds to capital and an emergency management reserve while highlighting a likely need for future revenue increases or spending cuts.
The presentation by the acting city manager and Office of Management and Budget staff emphasized that the preliminary budget is balanced for fiscal year 2026 at the current millage of 4.1193, supported by a stronger‑than‑expected certified taxable value increase (the Property Appraiser’s June 1 values showed an 8.15% rise). The city manager said officials intend to treat unpredictable receipts — including a PFAS settlement payment — as one‑time resources for capital projects such as public safety facilities and information‑technology investments, and proposed setting aside $4.8 million of PFAS…
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