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Cape Coral adopts lower final millage, approves FY 2026 budget
Summary
The Cape Coral City Council on Sept. 25 adopted a final operating millage of 5.1471 mills and a parks debt millage of 0.1608 mills and approved the city's fiscal year 2026 budget after public comment and council debate. The vote was 7-1 on both ordinances.
The Cape Coral City Council adopted final millage rates and the city's fiscal year 2026 operating and capital budget at a special meeting on Sept. 25 in council chambers. The council set the operating millage at 5.1471 mills and the millage for parks general obligation bond debt at 0.1608 mills; the motion to adopt the millage passed on a 7-1 vote. The council then adopted the FY 2026 budget ordinance by the same margin.
Financial Services Director Crystal Feas told the council the public hearings before the meeting had set a tentative operating millage of 5.2188 mills and a debt service millage of 0.1608 mills, and staff returned with the final ordinances for adoption. Feas summarized the proposed FY 2026 budget and fund-level highlights, including a general fund of about $264.7 million,…
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