The City of Zephyrhills has adopted a budget of slightly less than $106.5 million.
The Zephyrhills City Council has approved a millage rate of 6.25 for the 2023-20224 fiscal year. One mill equals $1 for every thousand dollars of taxable value.
This is the fifth time, out of the past six budgets, that the city has increased its spending plan.
The millage rate approved on July 24 is expected to generate $7,990,644 of ad valorem tax revenue for the general fund.
The council adopted a budget of $106,470,399 for the coming fiscal year, up slightly from the previous year, at its Sept. 25 meeting.
Total expenditures for the 2022-2023 budget were $100,621,184.
The city — Pasco County’s largest municipality — now has an estimated property valuation of more than $1.1 billion. It also has a steadily increasing population, which is now approaching nearly 20,000.
Several ongoing projects in the city, however, were part of last year’s budget, including the city’s massive sidewalk construction project spanning approximately 10,500 linear feet in areas surrounding West Zephyrhills Elementary School.
The city earmarked $1 million of the 2022-2023 fiscal budget — which is a 33% increase from the previous year — specifically to address this sidewalk project, which is expected to be completed in June 2024.
Funds for the sidewalk project, as well as other projects, such as the Hercules Park project, were made available through the Penny for Pasco initiative, which was renewed through Dec. 31, 2039 in the municipal elections in November 2022.
Published October 04, 2023