Orange City, Florida Development News

Orange City Council Reviews Preliminary FY 2026-2027 Budget Proposal

The Finance Director presented a preliminary overview of the proposed fiscal year 2026-2027 budget, focusing on the general fund. Key aspects discussed included revenue and expenditure projections, millage rate changes, fund balances, and capital outlay. The proposed budget includes a reduced millage rate of 7.0387, a decrease of two-tenths of a mill from the current rate. Staff recommended setting the proposed maximum millage rate at the current rate of 7.2387 to provide flexibility during the budget process. The budget also accounts for union negotiations, a compensation study, and the addition of a new planning technician position. Several capital outlay projects were detailed, including road resurfacing and infrastructure improvements. The presentation also highlighted that public safety expenditures are outpacing other general fund functions. Several deferred or reduced requests totaling approximately $880,000 were noted. The proposed budget is balanced with no use of fund balance. A sustainability test for recurring revenues covering recurring expenditures was passed with a surplus of $119,000.