Delray Beach DDA sets 1.0‑mill maximum for FY 2026–27, approves budget amendment

The Delray Beach Downtown Development Authority voted unanimously on June 8 to set a maximum levy of 1.0 mill for fiscal year 2026–27 and approved a related current‑year budget amendment.

Staff told the board the DDA’s statute limits its maximum levy to 1.0 mill and that at that rate the authority would realize about $2,274,424 in operating revenue for FY 2026–27. Board members discussed a proposed state change to the homestead exemption that, if approved by voters, could reduce the DDA’s revenue; one speaker estimated that change could cost roughly $75,000 in local revenue.

The board also signed off on a current‑year budget amendment to reallocate funds based on updated March revenue figures. The adjustment increased the marketing line by about $14,000, moved funds from ‘placemaking’ into events and economic vitality (including funds for Libby Plaza activations), and reduced projected Old School Square program income by roughly $100,000. Grants were held at $20,000 in the amended budget. The amendment passed by unanimous voice vote.

Mayor Tom Carney cautioned the board to prioritize what it will spend if additional revenue is approved, calling revenue allocation distinct from budgeting. At the meeting he and other board members also flagged that declines in city funding and uncertain contract authority make commitments for next year risky until the DDA and city finalize funding levels.

The board also reviewed and unanimously approved April financial statements; staff noted most ad valorem tax receipts have been received and that the DDA will incorporate the city’s second payment (received May 29) into May financials.

The DDA will hold a budget workshop on June 17 to refine the recommended spending plan before the tentative budget hearing coordinated with the city in September.