Ocean Ridge unveils $21 million draft budget and proposes 5.4 millage rate
Town manager presented a $21,000,000 proposed budget (up 9.5% from last year) with a proposed millage rate of 5.4; commissioners set Sept. 14 for the first public hearing and Sept. 21 for final adoption.
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The town manager presented a proposed $21,000,000 budget for fiscal year 2027 and recommended keeping the millage rate at 5.4, the same level as the prior year. "So we're at about 21,000,000 for the full budget, which is 9.5 percent over the previous year with our proposed millage rate of 5.4," she said, and described ad valorem taxes as the primary revenue source, noting approximately $11,000,000 in anticipated ad valorem receipts for the year.
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