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Boca Raton previews balanced FY 2025–26 budget with slight millage decrease and $282 million next‑year CIP
Summary
City CFO Jim Zervis presented a balanced draft budget July 14 that lowers the millage rate slightly, shows a 7.51% increase in assessed valuation and includes a five‑year CIP totaling about $1.3 billion with $282 million in year one.
The City of Boca Raton’s draft fiscal 2025–26 budget, presented July 14 at a council workshop, is balanced and includes a modest millage-rate decrease alongside a multi-year capital program, city Finance officials said.
Jim Zervis, chief financial officer and deputy city manager, told council the proposed total millage rate is 3.6649, down from 3.6734 (a 0.0085‑mill decrease). He said assessed valuation in the city rose 7.51 percent this year and the city’s total assessed value exceeded $40 billion.
“We’re presenting a balanced budget,” Zervis said, adding the proposed plan delivers a slight millage decrease while funding current service levels and targeted strategic investments.
Key numbers and programs
- General fund and operating: Zervis said the proposed general fund budget is balanced without using fund balance; the staff figure shown…
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