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Port Richey sets 7.29‑mill tentative rate as staff readies budget for possible $320K hit
Summary
Council adopted a tentative millage rate ceiling of 7.29 mills to open the FY 2026–27 budget process; staff said the rollback rate is 6.38 and estimated a possible $320,000 shortfall if the November property‑tax amendment passes, and council asked for further modeling of CRA boundary options.
At the start of the city's budget process, council approved a tentative millage ceiling of 7.29 mills.
"We are asking it to set it 1 mill above at 7.29," Interim City Manager Sala Carey told council when introducing the item. Staff noted the current rollback (or 'roll up') rate was 6.38 mills, driven by growth in the community redevelopment area (CRA). Carey said removing several large properties from the CRA (he named Avilla Bay and Abigail Court among examples) could materially affect the rollback calculation and asked the county to run numbers.
Council discussed the timing of the November property‑tax ballot measure (Amendment 3) and the need to prepare for either outcome; staff said it will plan conservatively as if the amendment passes and estimated an approximately $320,000 budget impact. The council voted to adopt the 7.29 mill ceiling to preserve flexibility in the TRIM/notice process and directed staff to produce impact scenarios and follow up at upcoming workshops.
