The City of Winter Springs Fiscal Year 2012 Budget, as proposed, totals $44,117,164, representing a $6,152,669, or 12.2%, decrease over the prior fiscal year's total budget of $50,269,833. Total proposed General Fund spending of $15,133,193 represents a $1,543,541, or 9.3%, reduction from the prior fiscal year. The proposed operating millage rate of 2.4500 mills represents a 0.0214 mill reduction from the prior fiscal year. The voted debt service millage rate of 0.1100 mills remains unchanged.
A Commission workshop to review and discuss the Fiscal Year 2012 Proposed Budget has been scheduled for 6 p.m. on July 21, 2011 in the Commission Chambers at City Hall. The public is invited and encouraged to attend this workshop. On July 25, 2011, the Commission will formally establish the millage rate “cap”, which the final adopted millage rate may not exceed. The first public hearing for adoption of the Fiscal Year 2012 Budget is tentatively scheduled for September 12, 2011 with the final public hearing for adoption tentatively scheduled for September 26, 2011.