Cape News
Budget ’25: Dip in tax rate, fee increases proposed
Cape Coral City Council ticked the property rate back a notch Wednesday, approving the “half-back” option. The elected board gave first approval to a rate of 5.2188 mills, which is lower than the city manager’s proposed rate of 5.3126 and the current rate of 5.3694. City Manager Michael Ilczyszyn said he supports Council’s direction, but wanted to apprise them of the implications. “It’s not going to affect just this year, but all future years I am budgeting for to make sure we have revenue equal expenses,” he said. Council also gave a first nod to the additional millage rate of .1791 mills for the parks voter-approved debt service for fiscal year 2025. The current ...
