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Lighthouse Point raises operating millage; commission adopts FY2026 budget
Summary
The commission adopted a final operating millage of 4.4207 (about 14.96% above the rollback rate) and approved a $34.9 million FY2026 combined budget across multiple funds. Commissioners discussed a bridge fund to earmark new revenue for urgent infrastructure needs.
Finance Director Olympia presented the second and final public hearing on millage and the FY2026 budget. Olympia told the commission the recommended operating millage to support the FY2026 budget is 4.4207, which is 14.96% higher than the rollback rate of 3.8454; the debt-service millage was proposed at 0.2492. "The proposed operating millage is 14.96% higher than the rolled-back rate," Olympia said, explaining the increase will support general operations and capital priorities including seawall repairs, bridge replacements, and recreation improvements.
Commissioners debated how to guard the additional revenue for bridge and seawall work and discussed creating a bridge fund or other earmarking mechanism. After public hearings with no speakers, the commission adopted the millage resolution and the FY2026 budget resolutions by unanimous votes (4–0). The combined budget for all funds was presented as $34,903,525. Commissioners asked administration to prepare options for a bridge fund or other safeguards to ensure the new revenue is used for the stated infrastructure priorities.
