Council authorizes TRIM notice advertising, holds operating millage flat at 6.33 mills

Finance Director Bridget Vass presented the TRIM advertising package and recommended that the council authorize publication of the maximum operating millage at 6.33 mills per $1,000 of assessed value for the fiscal year 2025–26 TRIM notice. She explained holding the millage flat is still advertised as a tax increase under Florida statute when taxable value changes, but staff recommended keeping the rate unchanged for budgeting.

Vass reported the city's current taxable value ($2,222,709,693) and gave estimated preliminary ad valorem tax figures: at the rollback millage the city would raise approximately $12,492,284 (at a 95% collection rate) and at the current 6.33 millage would produce an estimated $13,149,773. Council voted to authorize TRIM advertising for the operating millage at 6.33 mills and to advertise two voter-approved debt millages (Edgewater I&S 2005 at 0.01 mills and Edgewater I&S 2016 at 0.1129 mills), noting that the 2005 debt service is in its final year.