Lighthouse Point proposes flat millage, balanced FY2027 budget with infrastructure focus

Finance Director Olympio presented the City of Lighthouse Point’s proposed fiscal year 2027 budget at a special workshop, saying the operating millage would remain at 4.4207 and that higher property valuations would provide additional ad valorem revenue. Olympio told commissioners the proposed rate exceeds the rollback rate of 4.1784 and therefore must be advertised as a tax increase; she estimated the difference would produce roughly $1,100,000 in new budgeted revenue.