SUBJECT/RECOMMENDATION:
Title
Approve the fiscal year 2026/27 Annual Capital Improvement Budget, establish a six-year plan for the Capital Improvement Program (CIP), and pass Ordinance 9938-26 on first reading.
Body
SUMMARY:
In accordance with Chapter 200 of the Florida Statutes and the rules governing Truth in Millage (TRIM) compliance, the City Council must hold two public hearing to adopt the final budget. The adoption of this ordinance and the related ordinances adopting the 2026/27 millage rate and operating budget are an integral part of fulfilling these requirements.
On June 30, 2026, the City Manager provided the City Council with a Preliminary Annual Operating and Capital Improvement Budget that outlined estimates of revenues and expenditures for the 2026/27 fiscal year. The City Manager presented the preliminary budget at the City Council meeting on July 16, 2026, for Council discussion and citizen input. In addition, a Special Budget Work Session was held on August 11, 2026, for Council discussion of the proposed budget.
The following changes have been made to the Preliminary Capital Improvement Budget and are included in the ordinance for adoption of the capital improvement budget.
• The Police Department District 1 Dock Replacement project has been removed from the Capital Improvement Budget. This change is due to the nature of repairs which are related to storm damage. Work is currently underway to repair and will be accounted for in storm related projects.
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