TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: An Ordinance of the City of North Port, Florida, Adopting the Ad Valorem Millage Rate and Rolled-Back Rate for the Fiscal Year Beginning October 1, 2026, and Ending September 30, 2027; Providing for Findings; Providing for Conflicts; Providing for Severability; and Providing an Effective Date.
Recommended Action
Option 1: Approve Ordinance No. 2026-28 on first reading as presented and move to second reading on September 24, 2026.
City Commission Options
Option 1: Approve Ordinance No. 2026-28 on first reading as presented and move to second reading on September 24, 2026.
• Pros: This will adopt the millage rate on which the Non-District Budget was balanced bringing in $41,697,547 in ad valorem tax revenue.
• Cons: The City Commission may wish to lower the millage rate and amend the budget.
Option 2: Amend Ordinance No. 2026-28 with a lower millage rate.
• Pros: The property tax rate for residents will be reduced from what was included in the City Manager's Proposed Budget.
• Cons: The Non-District Budget will need to be amended for this reduction in ad valorem tax revenue.
Background Information
During the City Commission Special Meeting held on July 29, 2026, the City Commission approved the maximum millage rate of 3.7667. That rate established the maximum millage rate that the City Commission can approve without going through the Truth in Millage (TRIM) process again.
The Fiscal Year 2026-2027 Tentative Budget is based on a 3.7667 ad valorem millage rate. This rate represents $3.7667 per $1,000 of taxable value. The proposed millage rate is budgeted to generate $41,697,547 in General Fund revenues at a 96.5% collection rate.
The millage rate of 3.7667 being proposed is the same millage approved since Fiscal Year 2020-2021.
Ordinance No. 2026-28 has been reviewed by the City Attorney and is legally correct as to form.
Pursuant to Florida Statutes Section 166.041(4)(c), a business impact estimate is not required because this Ordinance relates to the adoption of budgets or budget amendments, including revenue sources necessary to fund the budget.
Strategic Plan Pillar
Good Governance
Financial Impact
The discussion and direction provided shall assist the development of the Fiscal Year 2027 Budget Adoption scheduled for the City Commission Special Meeting on September 24, 2026.
Procurement
Not applicable.
Attachments:
1. Ordinance No. 2026-28
Prepared by: Jake Gaub, Budget Manager
Department Director: Irina Kukharenko, CPA, Finance Director