Cape Coral City Council will adopt the city\u2019s final property tax rate and budget for Fiscal Year 2027 Thursday.<\/p>\n
The tentative rate is 5.1471 mills and 0.1554 mills for the parks General Obligation Bond, of $5.1471 and $0.1554 per $1,000 of assessed taxable property valuation respectively. The tentative operating millage rate is a 1.35% decrease from the rolled-back rate of 5.2174 mills.<\/p>\n
The general fund budget, using the tentative millage rate with no last-minute elimination of personnel, programs and no full cost recovery of program revenues is $284,541,013.<\/p>\n
The total budget to be approved is $1,442,386,480.<\/p>\n
The budget highlights public safety, parks and recreation, infrastructure, and environmental sustainability. <\/p>\n
The bulk of the improvements are slated for infrastructure for projects that include the Andalusia Boulevard extension, North 3 Utility Expansion water, sewer, irrigation collection and distribution and transmission; North Reverse Osmosis treatment plant expansion; water reclamation life station relocation; median curbing; and road surfacing.<\/p>\n
This second and final budget hearing will be held at 5:05 p.m. Thursday, Sept. 24, in City Council chambers, 1015 Cultural Park Blvd. <\/p>\n
The meeting is open to the public.<\/p>\n