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North Bay Village proposes flat 5.7062 millage rate; keeping rate avoids about $1.8M in cuts
Summary
Staff proposed keeping the village millage flat at 5.7062 mills for FY2025–26; officials said that choosing the rollback rate (5.0445) would have required roughly $1.8 million in reductions.
The board reviewed a proposed FY2025–26 budget that keeps the village millage flat at 5.7062 mills and maintains debt‑service millage unchanged. “The proposed millage rate for the village for fiscal year 2025–26 is declared to be 5.7062 mils,” a staff presenter told the board, noting the rollback rate was 5.0445 mils and that adopting the rollback would have required roughly $1.8 million in cuts.
Staff explained that several large restricted balances — including funds assigned for the City Hall project and other restricted contributions — drove major changes between the beginning and ending fund balance lines; some PDF copies shown at the meeting contained a duplicated or blank line that staff said they would correct and reissue. The board set the public budget hearings for Sept. 16 and Sept. 25 and directed staff to publish a corrected budget book in advance of the meetings.
