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Boca Raton previews balanced FY 2025–26 budget with slight millage cut and $282M in next‑year CIP
Summary
Finance staff presented a balanced FY 2025–26 budget that trims $2 million in expenditures while lowering the total millage rate slightly to 3.6649; the proposal funds 15 new citywide positions, several strategic CIP projects including a City Services Building and transit‑oriented downtown redevelopment, and carries no planned use of general fund balance.
City finance staff presented a preview of the fiscal year 2025–26 budget at the Boca Raton City Council workshop on July 14, calling the draft balanced and noting a modest millage rate decrease.
"The budget that you'll see here that's being submitted, it's a balanced budget," Jim Zervis, the city’s chief financial officer and deputy city manager, told the council. He said the draft includes a total millage of 3.6649, down from 3.6734, and that staff is proposing no use of general fund balance this year (compared with $14.6 million used in the prior…
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