Public Budget Hearings
R
esolution 2022-33 – final millage rate
Council approved this resolution adopting the ad valorem taxes for Fiscal Year 2022-2023 at a millage rate of 0.75 mills, which is a reduction from the prior year’s rate of 0.77. Council has voted five times to reduce the tax rate since incorporation, making Estero’s tax rate the lowest in Southwest Florida.
Resolution 2022-34 – Fiscal Year 2022-2023 Budget
Village Manager Steve Sarkozy gave a short presentation on the FY 2022-2023 budget commenting on the fact that the Village is debt-free, having paid off the loan for the Estero on the River property and has a “pay as you go” process for capital projects. In addition, the Village has a healthy reserve with FY 2022-2023 committing an additional month to hold 4 months of operating reserves.
Council approved this resolution adopting the budget for FY 2022-2023 at a total of $42,508,620.
The Fiscal Year 2022-2023 budgeted expenditures are as follows:
General Fund $ 7,659,890
Special Revenue 1,342,000
Capital Projects 33,452,430
Driving Range Fund 54,300
Total All Funds $42,508,620
Workshop
Council conducted a short workshop and were presented with the new FEMA maps which have been modified to include the names of the streets. These maps show which areas that have been added to flood zones as well as areas removed from the flood zones. The maps will soon be available on the website.
Residents may view the archived meeting by going to the Village website.
The next Council meeting will be held at 9:30 a.m., Wednesday, November 16, 2022.