Summary
To: Infrastructure Board
From: Gay Lancaster
Date: 7/16/2025
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Subject:
Title
FY 2025-2026 Proposed Millage Rate
Summary:
Each year, as part of the Truth-in-Millage (TRIM) process, the Town of Belleair is required to set a maximum millage levy in the month of July.
End
Body
Previous Commission Action: The Commission voted to support the staff recommendation to set the maximum millage- Proposed
Background/Problem Discussion: The proposed budget was developed based on the current rate of 6.977 mills per $1,000 taxable value. This will generate $612,377 in new revenue based on an increase in property values of 6.86%.
Expenditure Challenges The Proposed Budget, excluding Capital Projects and Enterprise Funds, is balanced. Staff will continue working on these funds and will present a balanced budget at the next Commission meeting.
Financial Implications: Sufficient revenues are required to maintain operations in the Town.
Recommendation: Staff requests the Board’s support to maintain the 6.977 millage rate.
Proposed Motion N/A