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Boca Raton lays out FY24–25 budget priorities as revenues rise and public safety costs grow
Summary
Finance officials told the council the proposed 2024–25 operating millage is 3.6596, assessed valuation rose ~8.47%, and the general fund will see about $10.5M in revenue growth but roughly $20.8M in expenditure increases driven largely by police, fire and pension costs; staff proposed 11 new general‑fund positions and recommended continued conservative budgeting and periodic reporting.
City finance staff presented a high‑level FY24–25 general‑fund framework at the July 22 workshop, highlighting revenue and cost drivers and the proposed set of new positions and programs.
Finance Director Jim Zervis said the city's proposed operating millage rate for 2024–25 is 3.6596. Assessed valuation in Boca Raton increased about 8.47% year‑over‑year, producing estimated additional property‑tax revenue that accounts for most of the roughly $10.5 million revenue increase in the draft budget. "So the 24/25 operating millage rate is 3.6596," Zervis said.
Expenditures, however, are projected to grow…
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