Cape Canaveral weighs property tax increase as city faces $4 million budget gap, depleted reserves

Cape Canaveral considers tripling property tax rate to fix $4M deficit

Cape Canaveral leaders are considering tripling the property tax rate to 10 mills to cover a $4 million budget deficit.

Cape Canaveral mulls tax increase to tackle debt

The city and its financial situation remain under investigation.

Town manager-recommended budget includes property tax rate hike

The Longboat Key Town Commission, in a 5-1 vote, decided in late June to set a higher maximum property tax rate, and the tentative budget published Friday was formed with that higher tax rate in mind.The $25.2 million general fund budget is a 4% increase from the 2026 adopted budget. Ad valorem property taxes make up $19.1 million in revenue, about 76% of all revenues.On page 33 of the 334-page recommended budget, the executive overview states i…

Cape Canaveral weighs property tax increase as city faces $4 million budget gap, depleted reserves

Cape Canaveral city leaders are weighing a property tax increase as they work to close a projected $4 million budget gap while rebuilding emergency reserves that officials say were depleted after years of overspending.

St. Pete Beach commissioners want more resident input before ruling out a property tax increase

St. Pete Beach Commissioners left the door open to a potential property tax increase during their July 28 meeting by setting a tentative maximum millage rate for fiscal year 2027, but they did not approve a tax hike. The commission directed staff to advertise a tentative rate of 3.6715 mills, up from the current 3.0913 […] The post St. Pete Beach commissioners want more resident input before ruling out a property tax increase appeared first on C…

St. Pete officials prepare for millions in lost tax revenue

“I don’t know what’s going to happen in November,” Hanewicz said. “But I don’t want us to get flat-footed.”…