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 action is currently under review by the City Council. If approved, this process will involve setting final tax levies and holding public hearings. The Mayor may make administrative adjustments to the final rate if the city's taxable value decreases by more than 1%. This item does not describe a construction project, but rather a fiscal planning process. Therefore, the primary opportunity is for professional services related to government finance and legal compliance.

tentative millage rate for the City

4.2895 mils

tentative millage rate for the Downtown Improvement District

2.0000 mils

public hearing date

September 9, 2026

public hearing time

5:30 p.m.

taxable value reduction threshold

1 %