Submitted By: Cindy Krepps
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Presentation By: Tammi Haslam
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Department: Budget
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FORMAL TITLE (Motion Ready):
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Budget Resolution 2026-161 to adopt the tentative Fiscal Year 2026-27 budget for the City of Ocala in the amount of $1,269,705,929
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
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PROOF OF PUBLICATION:
N/A
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BACKGROUND:
The budget was presented to the City Council during an August 11, 2026, workshop. The attached budget resolution reflects the Fiscal Year 2026-27 City of Ocala budget to be tentatively adopted. Highlights of the tentative budget follow:
The overall budget totals $1,269,705,929.
The General Fund budget totals $207,375,596.
The budget is balanced at a millage rate of 6.6177, which is 3.84 percent above the rolled-back rate of 6.3727.
The additional revenue derived from the increase over the rolled-back rate will support the addition of critical employees as well as assist with increasing cost pressures related to salary, benefit, and operating costs.
The General Fund reserve for fund balance is fully funded at the 20 percent level.
All funds are balanced revenues to expenditures.
The Community Redevelopment Agency Advisory Board adopted the Community Redevelopment Subarea Funds' budgets on September 9, 2026.
FINDINGS AND CONCLUSIONS:
Per Florida Statutes, Section 200.065, the City Council must hold a public hearing to adopt the tentative millage and budget for the City of Ocala. The Council, Mayor, City Manager, and all departments have participated in the budget process.
FISCAL IMPACT:
The proposed Fiscal Year 2026-27 budget to be tentatively adopted on September 9, 2026, totals $1,269,705,929. This total includes the Downtown Development fund, which the City Council adopted on September 9, 2026.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Provide alternative direction
BUDGET RESOLUTION 2026-161
A RESOLUTION OF THE CITY OF OCALA, FLORIDA, ADOPTING THE TENTATIVE BUD...
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