- November 18, 2024
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The Palm Coast City Council is considering a 2015 maximum millage rate of 4.2705 — the same as the 2014 rate — with a rollback rate of 4.0819. The minimum millage required to cover proposed expenditures would be 4.2450.
Palm Coast’s general fund revenues are tracking on budget for 2014, and the city has proposed just a slight general fund budget increase — an extra $506,008, for a total general fund budget of $27,369,416 — for 2015.
The city expects to exceed its budgeted general fund amended expenditures by 3.7%, in part because of its decision to purchase Gus Ajram’s property on Bulldog Drive for about $1.2 million, according to a presentation Palm Coast Finance Director Christopher Quinn gave to the City Council during a July 8 council workshop.
The city’s total estimated amended expenditures for 2014 are expected to come to $33, 855,937.
The most significant expenditures are a proposed $7,435,224 for firefighting in 2015, up 1.2% from the 2014 budget; $5,797,223 for streets in 2015, up 6.1% from the 2014 budget; $2,623,433 for 2015 in law enforcement, up 0.9% and in the form of the city’s contract with the Flagler County Sheriff’s Office; and a proposed $2,223,899 for 2015 code enforcement expenditures.
The Palm Coast City Council will hold a business meeting July 15 to vote on the city’s maximum millage rate.
