WINTER PARK, Fla. — Members of the Winter Park City Commission are reviewing a proposed $247 million budget for next year as the city weighs its funding priorities and the possible impact of a Florida property tax reform amendment on the November ballot.
The proposed budget includes nearly $95 million for the city’s general fund. City staff said priorities include road resurfacing, police and fire pensions, and utility rate adjustments, based on feedback from a citywide survey.
Commissioners are set to hear a presentation from utility staff Wednesday afternoon, wrapping up several weeks of budget presentations from different city departments. The city has previously heard from the Public Works, Parks, and Police departments.
City leaders also are expected to discuss adopting the city’s tentative millage rate, which has not changed in 19 years. The tentative rate must be set Wednesday and is the lowest in Orange County, according to city staff.
“Property tax remains the backbone of our revenues,” said Winter Park City Manager Randy Knight. “It is 44% of the revenue. It’s also the only one that is growing. If you look at all of our other revenues combined, they’re in that 0 to 3% annual growth rate, really not even keeping up with CPI.”
According to information from the city, Winter Park receives nearly $42 million a year from property taxes. City staff said the proposed state property tax reform amendment could restrict future city revenues by an estimated $76 million over 10 years if approved by voters.
“When you hear certain people from the state running around saying cities are flushed with cash because property values have gone up so much — well, property values have gone up, taxable values have not grown as fast as property values, obviously, because of the Save Our Homes, it already exists and all the things to keep it down,” Knight said.
Residents will have opportunities to give public input next month during City Commission meetings on Aug. 12 and Aug. 26. The first public hearing and budget adoption is scheduled for Sept. 9. The second reading and final budget adoption is Sept. 23.
Winter Park City Commission meets at 3:30 p.m. Wednesday at City Hall.