26-1104: RESOLUTION NO. 140-26: GENERAL FUND OPERATING AND DEBT SERVICE PROPOSED MILLAGE RATES

Description

RESOLUTION NO. 140-26: GENERAL FUND OPERATING AND DEBT SERVICE PROPOSED MILLAGE RATES

Summary

For fiscal year 2026–27, Delray Beach’s proposed tax legislation, Resolution No. 140-26, certifies millage rates to Palm Beach County’s property appraiser and tax collector. The preliminary disclosure lists a 6.4371 operating millage rate and 0.0289 debt-service rate. Based on taxable value of about $21.06 billion, proposed operating taxes are approximately $135.6 million; including dependent districts, total proposed taxes are about $137.8 million. The operating rate is above the rolled-back rate of 5.8555 but below the two-thirds-vote limit of 6.4411, requiring a two-thirds vote. The resolution is part of two required public hearings, with a second scheduled for September 22, 2026.