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ITEM: FIRST PUBLIC HEARING FOR THE PROPOSED FISCAL YEAR 2026-2027 MILLAGE RATE, BUDGET AND ADOPTION OF THE FISCAL YEAR 2026-2027 CAPITAL IMPROVEMENT PLAN
REQUEST: Council tentative approval of the Fiscal Year 2026-2027 proposed millage rate of 2.47 mills and the proposed operating and capital budget including balances brought forward. This is the first public hearing on the proposed budget and the corresponding ad valorem millage rate in accordance with the Wellington Charter and Florida Statutes Chapter 200.065. The second public hearing and adoption is to be held on September 22, 2026.
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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 proposed 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 proposed 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 events, community grants, and investment in infrastructure capital improvement. The total budget is proposed at $5.48 million less than the FY 2026 budget of $155.89 million. The decrease is attributable to reduced capital investment, and lower funding of ongoing major maintenance. Use of fund balances totaling $3.12 million is requi...
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