Three Town Operations Running Serious Deficits

As the town of Fort Myers Beach contemplates increasing its millage rate by 26% for fiscal year 2026, and fill a $1.2 million budget shortfall, three town facilities are expected to operate at a combined $2 million deficit next year.

According to Fort Myers Beach Finance Director Joe Onzik, in fiscal 2026 which begins on October 1st, Bay Oaks will operate operate at a $1.1 million deficit, The Mound House will operate at a $645,000 deficit, and the town’s Marine Operations division, which includes the mooring field, will operate at a $359,000 deficit.

Bay Oaks suffered significant damage from Hurricane Ian in 2022 then got hammered again by Milton last year. It’s been closed for a large chunk of time since September of 2022 and it was just last week that the Bay Oaks fitness room opened up again…

Story continues

TRENDING NOW

LATEST LOCAL NEWS