Submitted By: Tammi Haslam
presenter
Presentation By: Tammi Haslam
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Department: Budget
FORMAL TITLE: (Motion Ready):
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Budget Resolution 2025-183 to adopt the Fiscal Year 2025-26 budget for the Downtown Development fund in the amount of $695,065
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
Ocala Gazette 09/12/2025
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BACKGROUND:
Public hearings were held on September 3, 2025, adopting tentative millage rates and a tentative budget for the Downtown Development Districts of the City of Ocala. The required Truth in Millage advertisements were published in the Ocala Gazette on September 12, 2025. Public hearings will be held on September 16, 2025, at 5:01 p.m. at City Hall Council Chambers, located at 110 S.E. Watula Avenue, to adopt the final millage rates and final budget for the Downtown Development Districts. The final millage rates adopted cannot exceed the tentative rates adopted on September 3, 2025. Highlights of the final budget are as follows:
• The Downtown Development fund budget totals $695,065.
• Anticipated Ad Valorem tax revenue for the three districts totals $157,167.
• The budget is balanced with the following millage rate for each District:
o District A - 1.7185 mills
o District B - 1.6332 mills
o District C - 1.4699 mills
FINDINGS AND CONCLUSIONS:
Per Florida Statutes, Section 200.065, the City Council is required to hold a public hearing to adopt the millage and budget for the Downtown Development fund of the City of Ocala. The Council, Mayor, City Manager, and all departments have participated in the budget process.
FISCAL IMPACT:
The Fiscal Year 2025-26 budget for the Downtown Development fund to be adopted on September 16, 2025, totals $695,065.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Provide alternate direction
BUDGET RESOLUTION 2025-183
A RESOLUTION OF THE CITY OF OCALA, FLORIDA, ADOPTING THE FINAL BUDGET FOR DOWNTOWN DISTRICTS A, B, AND C FOR FISCAL YEAR 2025-26 IN THE AMOUNT OF $695,065
WHEREAS, the City of Ocala, Florida, on September 16, 2025, held a public hearing as required by Florida Statute 200.065; and
WHEREAS, the City of Ocala, Florida set forth the appropriations and revenue estimate for the Downtown Districts A, B, and C budget for Fiscal Year 2025-26 in the amount of $695,065.
NOW THEREFORE, BE IT RESOLVED by the City of Ocala, Florida, that:
1. The Fiscal Year 2025-26 final budget be adopted.
2. This resolution will take effect immediately upon its adoption.
This resolution adopted this ______ day of ______________________, 2025.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs Kristen M. Dreyer
City Clerk President, Ocala City Council
Approved as to form and legality:
By: _________________________________
William E. Sexton
City Attorney
Reviewed for accounting accuracy & completeness:
By: _________________________________
Peter A. Lee
City Manager