Coral Springs signals no property tax hike as budget talks begin
Coral Springs commissioners moved to keep taxes steady as a state property-tax overhaul looms. Officials warn the city could lose up to $26.8 million in 2029.
At a June 25 commission meeting, all members opposed a millage increase even though the tentative operating rate for next year was listed at 6.3132, compared with the current 6.0232.
Holding the rate steady would prevent the city from adding to the tax burden, but it would not necessarily keep bills from rising if home values continue to climb.
Commissioner Shawn Cerra said the city should keep the rate the same to support local businesses and homeowners while the budget is reexamined from top to bottom. City staff presented a tentative 2026 budget package earlier in the week. The plan is roughly $206.9 million, with commissioners scheduled to review it at a June 24 workshop before moving toward formal hearings later in the year.
A property-tax proposal advanced by lawmakers in June would go to voters on November 3, 2026, if it makes the ballot. The proposal could leave Coral Springs with major holes in future revenue. In a special-session proclamation, the Office of the Governor of Florida put local governments' property tax revenue at about $32 billion in 2019, nearly $60 billion in the current fiscal year, and $83 billion by 2032.
City Manager Catherine Givens said the proposal could cost Coral Springs between $13 million and $14.5 million in 2028 and as much as $26.8 million in 2029, based on Broward County Property Appraiser estimates. She said the city could be looking at nearly $40 million in lost ad valorem revenue over two years.
Coral Springs will keep exploring public-private partnerships, higher user fees, naming rights, future millage changes and broader revenue diversification. The Budget & Sustainability Department is focused on transparency and long-term financial stability. The city’s revenue manual says the commission must vote on millage changes during the annual budget process, and small incremental operating increases were being considered in Fiscal Years 2026 and 2028.
Coral Springs, a 24-square-mile city in northwest Broward County, is scheduled to set TRIM at a special meeting on July 2, 2026. The next regular commission meeting is also set for Thursday, July 2, from 5:15 p.m. to 8:30 p.m.
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