Naples council adopts tentative FY2026 budgets, sets general fund millage at 1.23 mills

The Naples City Council on Wednesday, Sept. 3 adopted tentative millage rates and budgets for fiscal year 2026, approving a 1.23-mill general fund rate, a 0.5-mill rate for the East Naples Bay Special Taxing District and a 0.0125-mill rate for the Moorings Bay Special Taxing District.

City Manager Young opened the budget hearing and introduced Finance Director Stefan Masal, who gave the presentation and overview of the proposed fiscal year 2025–26 budget. Masal said the packet included the general fund budget materials, TRIM compliance forms and separate budgets for the two dependent taxing districts.

The tentative budget totals and millage rates matter because they set tax levies and spending ceilings that the council must finalize in a second public hearing. The council approved the tentative general fund levy before adopting the tentative general fund budget, and then took the same sequence for the East Naples Bay and Moorings Bay taxing districts, as required by Florida law and TRIM notice procedures.

Key numbers from the presentation: the city’s proposed expenditures for FY2026 are roughly $240,068,382, up…