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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Resolution 2065-170 to adopt the Fiscal Year 2026-27 millage rates for the Downtown Development Districts at the current rates of 1.7185 (District A), 1.6332 (District B), and 1.4699 (District C)
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
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PROOF OF PUBLICATION:
Ocala Gazette 09/11/2026
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BACKGROUND:
Public hearings were held on September 9, 2026, 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 11, 2026. Public hearings will be held on September 15, 2026, 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 9, 2026. Highlights of the final budget are as follows:
The Downtown Development fund budget totals $856,159.
Anticipated Ad Valorem tax revenue for the three districts totals $164,643.
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 2026-27 budget for the Downtown Development fund to be adopted on September 15, 2026, totals $856,159.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Provide alternative direction
RESOLUTION 2026-170
A RESOLUTION ADOPTING THE FINAL LEVYING OF AD VAL...
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