20. 26-777 TENTATIVE MILLAGE RATE - FISCAL YEAR 2027

Agenda Conference · 2026-07-13 · agenda_item

The City of Pensacola is planning to set tentative millage rates for Fiscal Year 2027. The proposed rate for the City is 4.2895 mils, and for the Downtown Improvement District, it is 2.0000 mils. This item is currently under review, with a recommendation for the City Council to set these rates. The process includes a public hearing scheduled for September 9, 2026. While this item does not involve direct construction, the setting of millage rates is a foundational step for future city budgeting and potential projects. This early stage offers an opportunity for local contractors, suppliers, and service providers to understand the city's financial planning for the upcoming fiscal year. Engaging now allows businesses to be informed as budget allocations are considered for public works and development.

tentative millage rate for the City of Pensacola

4.2895 mils

tentative millage rate for the Downtown Improvement District

2.0000 mils