Coral Springs Sportsplex plan could raise taxpayers’ debt millage rate
Coral Springs homeowners could see about $161.74 more a year on the city tax bill if the Sportsplex debt millage moves ahead.
Coral Springs is edging closer to a Sportsplex financing plan that would lift the city’s debt millage by 0.29 mills and add about $5.9 million a year in debt payments tied to the project. For the average home with a taxable value of $360,727, that would mean about $161.74 more in city property taxes, or $13.48 a month, with the total city tax and assessment burden rising to $3,272.66.
The proposed rate would move from 6.0232 to 6.3132 per $1,000 of assessed value as part of Coral Springs’ preliminary $206.9 million fiscal 2026 budget. The sportsplex rate fell from an earlier 0.37-mill proposal presented at an October 2025 retreat after $1.3 million in revenue and partnership opportunities were identified.
The Sportsplex Optimization Project is meant to turn vacant land behind the Aquatics Complex on Sportsplex Drive into a gymnasium with courts, a track, bleachers, a fitness center, locker rooms and other multipurpose amenities. By March 2025, $317,500 had been spent, and the City Commission had authorized $1.5 million in preliminary funding to move the project forward. The project has been moving for more than two years, beginning with an LOI issued on Feb. 21, 2024, followed by proposal presentations on May 1, 2024, a contract award on June 5, 2024, master plan options in October 2025, owner’s representative approval in January 2026, Strategic Plan inclusion in February 2026, a Development Review Committee submission in March 2026 and a March 26, 2026 design-services LOI process.
Police and emergency services account for $95.4 million, or 46.1 percent, of the city’s expenses, while ad valorem property tax revenue is projected at $100.92 million, or 48.8 percent of general fund revenues. Broward County Property Appraiser Marty Kiar says a proposed constitutional amendment could cut city-property-tax revenue by $14.5 million in year one and $26.8 million in year two if voters approve it in November 2026.
Coral Springs is trying to find a new site for Coral Springs Charter School, and city leaders want a campus that includes a theater, football field and improved recreational spaces.
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