Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Budget committee votes to recommend the two‑thirds maximum millage to the commission
Summary
After reviewing ad valorem scenarios, the Finance & Budget Review Committee moved and approved a recommendation that the commission consider the two‑thirds maximum millage (3.833 mills) to generate additional revenue for capital needs.
The St. Pete Beach Finance & Budget Review Committee voted on July 7 to recommend that the City Commission consider the two‑thirds maximum millage rate — 3.833 mills — as the FY27 millage option.
Staff presented three options based on assessor data and projected taxable value: the rolled‑back (no revenue increase) rate of 3.075 mills, the current flat rate of 3.0913 mills, and the two‑thirds maximum of 3.833 mills. The packet showed how each choice affects the city’s levy and the average homeowner: the two‑thirds option would generate roughly $3.8 million more in city revenue in year one and, using staff examples, would add about $354 annually on a $500,000 taxable home under the full maximum scenario.
Following floor discussion on capital needs and tradeoffs between immediate capital capacity and rate/bill impacts, a committee member moved to recommend the two‑thirds maximum to the commission; another member seconded. The committee verbally recorded its approval. Staff will forward the committee’s recommendation and the commission will consider millage choices during upcoming budget deliberations.
What this means: recommending the two‑thirds option does not by itself change tax bills — the commission would have to adopt a millage ordinance and, where required, meet state procedures (public notices, hearings). Committee members asked staff to provide specific lists of capital projects that would be funded by the estimated $3.8 million and to prepare outreach materials explaining the per‑parcel impact over short and 10‑year horizons.
