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Lighthouse Point presents proposed FY2026 budget with millage unchanged
Summary
City staff presented a proposed FY2026 budget that keeps the millage at 4.1329, highlights increased assessed property values, and emphasizes capital spending on infrastructure including dredging, seawall repairs and a Sample Road bridge. Commissioners asked administration to find options for $1.1 million in funding without raising the millage to the maximum.
City staff on Tuesday presented a proposed fiscal year 2026 budget that would keep the city t a proposed operating millage rate of 4.1329 and prioritize capital projects to address aging infrastructure.
Corey, the budget presenter, said the June 1 Broward County property appraiser valuation showed estimated taxable values increased about 8.26% in total and 7.18% on existing values, and that the proposed millage "is 4.1329, which is unchanged from the current year." He told commissioners the proposed rate is above the rollback and thus requires advertising as a proposed tax increase, and that using the rollback rate would produce an approximate $1.1 million deficit in the general fund.
The presentation outlined revenue sources (ad valorem taxes at roughly 60.3% of general fund revenue, utility service taxes, the fire assessment and various intergovernmental and franchise fees) and detailed department-level changes. Corey said the budget assumes transfers of $1,390,000 to the infrastructure fund, including $248,000 for canal dredging, $219,000 for seawall repairs and $672,000 for a sample road bridge replacement project.
Commissioners asked for clarifications about specific line items, fund balances and whether some capital projects could be phased to limit near-term tax impacts. No final votes were taken; staff were asked to return with options and analyses for commissioners to consider at future workshops.
