Not-to-exceed figure ends up at 3.3833 mills
On a unanimous vote during their regular meeting on July 7, the Sarasota County commissioners approved a lower “not-to-exceed” total millage rate for the 2027 fiscal year than the figure for the current fiscal year.
The decrease is 0.0009 mills, or 0.03%, thanks to a reduction in the debt service for the bonds that the county issued several years ago to pay for the extension of The Legacy Trail from Venice to downtown Sarasota and to the city of North Port, Kim Radtke, director of the county’s Office of Financial Management, pointed out to the commissioners on July 7.
The Legacy Trail figure for this fiscal year is 0.0382 mills; for FY 2027, it is 0.0373 mills, a decline of 2.36%, as shown on a chart in the agenda packet…