Margate commission sets 2026–27 millage at 7.5159 mills

The City of Margate commission voted unanimously to approve a resolution setting the millage rate for fiscal year 2026–27 at 7.5159 mills per $1,000 of assessed taxable value, including 0.3988 mills earmarked for voted debt service. The resolution states the city's operating millage is 7.1171, which the staff reading described as 5.15% higher than the rollback rate of 6.7688.

Mayor Serio noted the broader tax context during the discussion, saying the action comes as "this will now be the 8th year that the city's taxes have gone down." A commissioner moved to approve the resolution and the motion was seconded; the commission then conducted a roll call and recorded unanimous yes votes from Commissioners Schwartz, Simone and Rosano, Vice Mayor Casciano and Mayor Serio.

The resolution provides for an effective date as read by staff. The hearing on the millage was part of the city's noticed budget hearing; the commission proceeded afterward to consider the operating budget ordinance for fiscal year 2026–27.