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Oldsmar proposes $60.3 million FY2027 budget, keeps millage at 4.05 mills
Summary
City Manager Felicia Donnelly presented a $60,306,265 proposed FY2027 budget that preserves a 4.05 millage rate, holds a 15% general fund reserve policy and integrates $21.6 million in capital projects while planning for possible revenue impacts from a pending property-tax amendment.
The City of Oldsmar presented a proposed $60,306,265 all-funds budget for fiscal year 2027 at a July 28 operational workshop. City Manager Felicia Donnelly said the plan is “balanced” and built around council priorities while keeping the recommended millage rate at 4.05 mills, unchanged from the prior year.
Donnelly and Administrative Services staff described the budget as “lean,” noting a 2.8% decline in total spending from the revised FY26 figure and an explicit goal to maintain a 15% unrestricted general fund balance as a fiscal cushion. Assistant Administrative Services Director Garrett Zeloff said property tax revenues are estimated at $8,295,200 and make up roughly 41% of the general fund. The proposed general fund budget is $20,433,905, down 7.4% from the revised prior year.
The budget integrates $21,590,770 in capital outlays, including major projects such as the St. Pete Drive roundabout and South Hills infrastructure replacement. Staff emphasized inflationary pressure on several cost lines; Donnelly highlighted recent increases in property insurance, chemical costs for water treatment, and biosolids hauling as drivers that constrained choices.
Council guidance at the workshop included holding $60,000 as a ceiling for charitable donations (left unallocated pending a separate work session) and pursuing public input on potential fee changes. Donnelly said the budget will come back to council for two public hearings and any adjustments before adoption.
