Title
MOTION TO ADOPT PROPOSED ORDINANCE NO. 2025-12 ON SECOND AND FINAL READING.
PROPOSED ORDINANCE NO. 2025-12 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 6.34% ABOVE THE ROLLED-BACK RATE OF 5.3312, FOR THE CITY OF PEMBROKE PINES, FLORIDA, PURSUANT TO THE 2025-2026 CITY BUDGET, IN ACCORDANCE WITH CHAPTER 200, FLORIDA STATUTES; AND ESTABLISHING THE DEBT SERVICE MILLAGE RATE OF 0.2862 FOR DEBT SERVICE ON THE GENERAL OBLIGATION BONDS APPROVED BY THE ELECTORATE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The millage rate for fiscal year 2025-26 is required to be adopted by Ordinance.
2. The proposed operating millage rate for 2025-26 is 5.6690, which is same as the Adopted Millage Rate for fiscal year 2024-25. It will generate approximately $107.8 million in ad valorem taxes.
3. The proposed operating millage rate of 5.6690 is 6.34% above the rolled-back millage rate of 5.3312. Four (4) affirmative votes are required to adopt this rate of 5.6690.
4. The proposed debt service millage rate is 0.2862 which is 0.0346 mills below the 2024-25 adopted rate. The revenues will be used to pay principal, interest, and other fees related to the General Obligation Bonds.
Adopted Proposed
2024-25 2025-26 Change
Operating Millage 5.6690 5.6690 -
Debt Service Millage 0.3208 0.2862 (0.0346)
Aggregate Millage 5.9898 5.9552 (0.0346)
5. The proposed aggregate millage rate including the debt service millage rate of 0.2862 is 5.9552, which is 0.0346 below the current year. The impact on the median residential property is $66.21 due solely to the median residential taxable value increasing by $12,878, moving from $202,450 to $215,328. The City has consistently decreased the agg...
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