Title
MOTION TO ADOPT PROPOSED ORDINANCE NO. 2026-09 ON FIRST READING.
PROPOSED ORDINANCE 2026-09 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, ESTABLISHING THE OPERATING MILLAGE RATE OF 5.6690 OR $5.6690 PER THOUSAND DOLLARS OF TAXABLE ASSESSED PROPERTY VALUE, WHICH IS 4.54% ABOVE THE ROLLED-BACK RATE OF 5.4226, FOR THE CITY OF PEMBROKE PINES, FLORIDA, PURSUANT TO THE 2026-2027 CITY BUDGET, IN ACCORDANCE WITH CHAPTER 200, FLORIDA STATUTES; AND ESTABLISHING THE DEBT SERVICE MILLAGE RATE OF 0.2507 FOR DEBT SERVICE ON THE GENERAL OBLIGATION BONDS APPROVED BY THE ELECTORATE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
SECOND AND FINAL BUDGET HEARING IS SCHEDULED FOR 6:00 PM WEDNESDAY, SEPTEMBER 16, 2026.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The millage rate for fiscal year 2026-27 is required to be adopted by Ordinance.
2. The proposed operating millage rate for 2026-27 is 5.6690, which is same as the Adopted Millage Rate for fiscal year 2025-26. It will generate approximately $112.7 million in ad valorem taxes.
3. The proposed operating millage rate of 5.6690 is 4.54% above the rolled-back millage rate of 5.4226. Four (4) affirmative votes are required to adopt this rate of 5.6690.
4. The proposed debt service millage rate is 0.2507 which is 0.0355 mills below the 2025-26 adopted rate. The revenues will be used to pay principal, interest, and other fees related to the General Obligation Bonds.
Adopted
Proposed
2025-26
2026-27
Change
Operating Millage
5.6690
5.6690
-
Debt Service Millage
0.2862
0.2507
(0.0355)
Aggregate Millage
5.9552
5.9197
(0.0355)
5. The proposed aggregate millage rate including the debt service millage rate of 0.2507 is 5.9197, which is 0.0355 below the current year. The impact on the median residential property is $35.09 d...
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