3. BUDGET WORKSHOP –INITIAL PROJ ECTION OF FISCAL YEAR 2026

City Council · 2026-05-19 · agenda_item

The City of West Melbourne is planning its budget for the 2026-2027 fiscal year. This budget workshop included initial projections for revenues, noting increases in utility taxes, franchise taxes, and franchise fees from Florida Power & Light and the City of Melbourne's water utility rates. Several large projects are pending, which could bring revenue once plans and permits are received and paid for. The budget is larger than usual due to current significant projects, with expenditures expected to decrease next year after the Water Plant construction concludes. The city is also looking at rehabilitating four lift stations, with Jacobs identifying those needing significant maintenance. This planning stage presents an opportunity for contractors, suppliers, and service providers to engage early. Understanding the city's financial projections and upcoming needs, such as lift station rehabilitation and potential equipment additions for the Wastewater Plant, allows businesses to position themselves for future work before detailed plans and permits are finalized.