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Council sets preliminary maximum millage at 1.23 mills for 2025; staff flags seawall costs and state appropriation
Summary
Council set the preliminary maximum millage rate at 1.23 for the general fund, with East Naples Bay and Moorings Bay taxing districts left at prior levels; staff presented preliminary taxable‑value scenarios, fund‑balance projections and noted a pending state appropriation and seawall expenditures that affect reserves.
City Council set a preliminary maximum millage rate of 1.23 mills for the general fund on Wednesday and left two special taxing districts at their prior levels: East Naples Bay at 0.5 mills and Moorings Bay at 0.0125 mills.
Context and mechanics: The action establishes a not‑to‑exceed millage that will appear on TRIM (Truth in Millage) notices. Staff emphasized the resolution establishes a maximum; actual millage for the adopted budget may be set lower during public…
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