City Commission Approves Tentative Budget.

Written by Kristen Schmutz

Belden Communications News

Daytona Beach’s City Commission unanimously voted to approve a tentative budget for the next fiscal year to include a reduction from the rolled-back millage rate, back at their September 9 meeting. 

The rollback millage rate is the property tax rate that would produce the same revenues from existing properties and has been lowered from 5.8587 to 5.5300, according to a release from the city. 

The results from the millage rate reduction will be about $1.8 Million remains with taxpayers. 

The $255 million tentative budget is 2.57% lower than the current year’s adopted budget primarily due to the financial impact of the COVID-19 pandemic. Fiscal Year 2020/21 runs from Oct. 1, 2020, to Sept. 30, 2021.

Adoption of the budget is scheduled for 6 p.m. on Wednesday, September 23 at the next City Commission Meeting that is to be held at City Hall on Ridgewood in Daytona Beach. 

The tentative budget can be found here.