TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: Discussion and Possible Action Regarding the 2026 Certification of Taxable Value, Proposed Millage and Scheduled Dates for Public Hearings.
Recommended Action
Select Option 1. Direct the City Manager to submit the 2026 Certification of Taxable Value with the proposed millage rate of 3.7667 and scheduled dates for Public Hearings on September 10, 2026, at 5:01 p.m., and September 24, 2026, at 5:01 p.m.
City Commission Options
Option 1: Direct the City Manager to submit the 2026 Certification of Taxable Value with the proposed millage rate of 3.7667 and scheduled dates for public hearings on September 10, 2026, at 5:01 p.m., and September 24, 2026, at 5:01 p.m.
* Pros: Maintains a flat millage rate and ensures the tentative hearing and final hearing as required by Truth in Millage (TRIM) follow statutory requirements. Allows the City to certify taxable value and proposed millage with a timely submission to the Sarasota County Property Appraiser's office.
* Cons: Establishes the proposed maximum millage rate for TRIM purposes. While the Commission may later reduce the rate, it cannot increase it above the certified proposed rate without restarting the TRIM process.
Option 2: Direct the City Manager to submit an alternative option to the proposed millage rate of 3.7667 or submit an alternative date for the public hearings.
* Pros: Gives the Commission the opportunity to align the rate with other priorities, other financial trends, or pending tax implications.
* Cons: Any change requires recalculations or rescheduling and may result in a late certification submission to the Sarasota County Property Appraiser's Office.
Background Information
During the budget process every year, the City of North Port is required as part of the Truth in Millage process to submit a proposed millage rate. This rate is not the adopted rate, but rather ...
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