Placement: Resolutions / Public Hearing
Action Requested: Motion / Vote
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Resolution 26-R74, Public Hearing, Adopting the Capital Improvement Program for the City of Port St. Lucie for the Fiscal Year (FY) October 1, 2026, to September 30, 2027; Providing an Effective Date.
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Submitted By: Ivy Ladyko, CGFO, Budget Deputy Director
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): Adoption of the Resolution for the Fiscal Year 2026-27 Capital Budget, as revised.
Presentation Information: A brief presentation will be provided by Caroline Sturgis, CPFO, CGFO, Director, Office of Management and Budget.
Staff Recommendation: Move that the Council approve and adopt the FY 2026-27 Capital Budget, as revised, Resolution.
Alternate Recommendations:
Move that the City Council amend the recommendation and approve/adopt the FY 2026-27 Capital Budget.
Move that the City Council provide staff with direction.
Background: The proposed FY 2026-27 Capital Improvement Program Resolution must be adopted at a special meeting.
Issues/Analysis: The proposed budget reflects the City Council’s direction from the July 23, 2026 Summer Workshop. The operating millage is recommended to be reduced by 0.0500, resulting in a new millage rate of 4.6107. The voted debt millage rate for Crosstown Parkway is recommended to be reduced by 0.0500 mills, resulting in a proposed millage rate of 0.2643. The total proposed overall millage rate is 4.8750. The total Budget for FY 2026-27 is $971,576,281.
Financial Information: The proposed 2026-27 Budget is based on a total reduction of 0.1000 mills for a new millage rate of 4.8750. This Budget includes a net increase of 7 full-time equivalent (FTE) positions in the enterprise-funded Utility Systems Department, which are necessary to support continued service demand and organizational growth. The budget ordinance authorizes appropriations at the recomme...
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