City Council approved the use of the $2.3M FY2026 surplus to install solar panels on the Community Center and catch up on the City’s fleet replacement schedule, among the many allocations. FCCPS gets $603K.
Actual FY2026 sales, meals and car taxes easily exceeded the low budget estimates, coming in $2.6 million higher. Real estate tax revenue collection had been raised to compensate.
City Finance Director reviewed how a C&I tax on commercial properties can be used for transportation projects. City Council is considering enacting it for the next fiscal year starting July 2027.
The Commissioner of the Revenue has employed a variety of strategies from postcard mailings to license plate recognition to achieve gains in collections.
A boost to tax revenue projections allowed City Council to cut the real estate tax rate half cent. The School Board gets $354,000 more but not the City’s paving and other infrastructure needs.
FY2027 expenditures increases the operating budgets of the City Schools and General Government to cover staff salary increases and removes vacant positions. Cuts to street maintenance and affordable housing fund.
The $134 million FY2027 budget is 0.8% less than last year’s but it contains a 3.4% increase for the City and 4.1% for the School operating budgets that require a 6.6% increase in tax revenues to fund it.
3 large transportation projects and expanding sewer capacity are the main reasons for the massive FY2027-2032 CIP. The City is also laying the groundwork for upgrades to the storm water system.
The C&I tax, up to 12.5 cents/$100 of assessed value, would apply only to non-residential commercial properties and be used for expanding transportation infrastructure.
