Daytona Beach DDA tentatively adopts 1-mill rate and $392,271 budget

The Daytona Beach Downtown Development Authority at its meeting adopted a tentative millage rate of 1 per $1,000 of assessed value and approved a $392,271 budget for the fiscal year beginning Oct. 1, 2025, and ending Sept. 30, 2026, board members voted 4-0.

The action matters because the budget funds the authority’s core downtown activities, including a $147,291 payment to the downtown CRA returned by agreement and $144,000 allocated for marketing, promoting downtown events and the farmers market. Staff presented the levy and budget at the meeting as the authority’s recommended funding plan for the coming year.

Ken Thomas, neighborhood services director for redevelopment, told the authority the revenue estimate is $392,271 based on a 1-mill ad valorem levy. Thomas said the proposed millage rate represents a 3.633% decrease from the rollback rate of 1.0377. He also outlined the budget line items that include the payment to the downtown CRA and the marketing allocation.

The proposed levy and budget were presented during a public hearing; no members of the public spoke on the item. The board then considered two resolutions: one tentatively fixing the millage rate and another tentatively adopting the budget. Commissioner Quinita May moved the first resolution and Cheryl Cook seconded; the motion carried. May moved the budget resolution and Cook seconded; that motion also carried, each by a 4-0 vote of members present.

A quorum of four of the five authority members was present for the meeting. The resolutions state effective dates for the actions; no additional directions to staff or amendments to the budget were recorded in the meeting minutes.