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Fort Myers finance staff previews 2026 budget: proposed 6.5 millage, $2M reserve target and utility rate increases
Summary
The finance director presented third-quarter fiscal results and initial budget proposals, including a proposed millage rate not to exceed 6.5 mills, a planned 5% utility rate increase, and schedule for budget hearings (Sept. 3 and Sept. 15). City staff flagged the $147M central plant project as a major CIP driver.
City finance staff presented third‑quarter fiscal 2025 results and a preliminary fiscal 2026 budget framework at a Fort Myers City Council workshop, reporting general fund revenues above last year and overall departmental spending under budget while flagging large capital needs ahead.
Finance staff said the city's taxable value rose 6.49% to about $13.81 billion, producing additional property tax revenue. The administration proposed a not‑to‑exceed millage rate of 6.50 mills for 2026; staff said that rate would generate additional net revenue for the general fund after CRA…
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