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Commission sets maximum operating millage for FY2026; Turnbull Creek debt millage explained
Summary
The commission approved Resolution 21-25 to set the maximum operating millage at 4.637 mills for the TRIM notice and staff explained Resolution 20-25 sets a 0.1115-mill maximum for Turnbull Creek debt; commissioners emphasized the rate can be lowered later but not raised.
The New Smyrna Beach City Commission on July 22 voted to set the maximum operating millage rate for fiscal year 2026 and had staff describe a separate resolution setting the debt millage for a voter-approved Turnbull Creek bond.
The motion to approve Resolution 21-25 (the maximum millage for the operating levy) was moved by Commissioner McGurk. The city clerk conducted a roll-call vote; Commissioners Perrine, McGurk, Ashley, Vice Mayor Martin and Mayor Cleveland each recorded a "yes" and the motion carried.
Finance Director Director Jury said the city manager's recommended budget is balanced using a millage rate of 4.637 mills, unchanged from FY2025, and that the rate is projected to generate about $33,200,000 in property tax revenue (approximately $31,500,000 to the general fund and $1,700,000 to the CRA fund).
Director Jury also explained Resolution 20-25, which sets the maximum millage rate at 0.1115 mills for FY2026 to fund debt service on the voter-approved Turnbull Creek acquisition; state law requires those maximums be advertised on the TRIM notice. Director Jury stressed that the commission may adopt a lower rate in September but may not exceed the maximum once it appears on the TRIM notice.
Commissioners discussed communication strategies to ensure residents understand that setting a maximum does not automatically increase tax bills and requested follow-up materials for public outreach.
The clerk's roll call during the vote recorded all five members present voting "yes." The file for this meeting does not show a recorded mover or seconder by name for Resolution 20-25 in the transcript; staff had described that resolution earlier in the presentation but no separate final roll-call for 20-25 appears in the meeting record provided.
