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Finance director: proposed 9.3‑mill cap would generate $4.5M; commission could lower to 9.2
Summary
Village finance director Paul Winkeljohn presented a conservative FY2027 revenue projection tied to a proposed 9.3‑mill rate that would produce roughly $4.5 million and leave the village with stronger reserves; commissioners said lowering the rate to 9.2 mills is feasible and would require about $80,000 in cuts.
Finance Director Paul Winkeljohn told the Village of Biscayne Park commission that the draft FY2027 budget assumes a maximum millage rate matching last year at 9.3 mills and projects roughly $4,500,000 in revenue. "This year, we've proposed the maximum millage rate to match last year, which is the 9.3 millage rate," Winkeljohn said in his opening overview, adding the staff used a conservative 95% revenue assumption for planning.
Winkeljohn said those receipts — combined with department requests that he characterized as conservative and lean — would produce about $650,000 in new money that could grow the village's reserves and capital improvement funds. "When you adopt your budget, that projection would be would bring you up over $5,500,000," he said, describing reserves as a valuable benchmark.
Commissioners asked whether the commission can set a lower millage than the maximum. Manager Al and Winkeljohn confirmed a small reduction is feasible: lowering the tentative cap from 9.3 to 9.2 mills would require roughly a little over $80,000 in cuts. "A little over 80,000," Winkeljohn said when asked what it would take to reach a 9.2‑mill rate. The commission said it will weigh that option as staff presents department details in the next workshop.
The finance director also noted conservative statewide budgeting practices and historical context: the village has rebuilt reserves over the past decade and is now projecting more than an entire year of operating costs in reserves if the budget is adopted as proposed. The commission scheduled additional department presentations at the next workshop and asked staff to continue refining revenue and expense assumptions.
