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ITEM: SECOND PUBLIC HEARING TO ADOPT THE FISCAL YEAR 2026-2027 MILLAGE RATE AND ANNUAL BUDGET FOR WELLINGTON
RESOLUTION NO. R2026-49 (MILLAGE RATE)
A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL ADOPTING THE TAX LEVY AND MILLAGE RATE FOR WELLINGTON FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027; AND PROVIDING AN EFFECTIVE DATE.
RESOLUTION NO. R2026-50 (WELLINGTON BUDGET)
A RESOLUTION OF WELLINGTON, FLORIDA’S COUNCIL ADOPTING A BUDGET FOR THE VILLAGE OF WELLINGTON FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027; AND PROVIDING AN EFFECTIVE DATE.
REQUEST: Approval of the proposed Fiscal Year 2026-2027 millage rate, operating and capital budget including balances brought forward. This is the second public hearing on the proposed budget and the corresponding ad valorem millage rate in accordance with the Wellington Charter and F.S. Chapter 200.06.
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EXPLANATION: Florida Statutes Chapter 200.065 sets forth the procedure to follow for each local government in adoption of the annual property tax millage, levy, and budget. In accordance with these regulations, the June 25, 2026 certified total taxable value of $13.93 billion is applied to calculate the millage rate and ad valorem revenue for the FY 2026-2027 budget. The proposed millage rate of 2.47 mills is the same as the preliminary TRIM rate adopted on June 30, 2026 and 4.72% above the rollback rate of 2.36 mills. The tentatively adopted millage rate generates property tax revenues of $32.68 million, which is an increase of $1.49 million from the FY 2025-2026 ad valorem property tax revenue budget.
The tentative expenditure budget for all funds totaling $150.41 million continues Wellington’s commitment to budgeting for sustainability while meeting residents’ needs and local economic challenges. The FY 2026-2027 budget provides funding to maintain exceptional levels of service in road and facility maintenance, recreation programs, special ev...
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