DDA BUDGET - FINAL PUBLIC HEARING
SEPTEMBER 17, 2025
The DDA should conduct the final public hearing on the proposed millage rate and the tentative budget in the following manner:
1. After calling the final public hearing to order, the public hearing should be opened, the following items should be announced:
a. Announce that the proposed millage rate of 9700 mill necessary to fund the budget is a 42.94% decrease from the rolled back rate of 1.6999
b. Announce the proposed millage rate of .9700 mill
c. Provide summary of the tentative adopted budget
2. Any member of the public desiring to address the DDA on the proposed millage or the tentative budget should be given the opportunity to do so. The public is permitted to ask questions prior to the closing of the public portion of the hearing.
3. The DDA may amend the tentative budget and re-compute the proposed millage rate. If the millage rate is changed, there must be a public announcement of the percent, if any, by which the new millage rate exceeds the rolled-back rate.
4. The public portion of the hearing should be closed.
5. Staff should make the following announcement: The West Palm Beach Downtown Development Authority’s rollback rate is 1.6999 mills. The Downtown Development Authority is levying ad valorem taxes at a millage rate of .9700 mill, which is a 42.94% decrease from the roll back rate.
6. Resolution 03-2025 should be read by title only and then adopted by motion. The motion should be "I move that the Adoption of Resolution 03-2025, setting the final millage rate for fiscal year 2025/2026 be set at .9700 mill".
7. Resolution 04-2025 should be read by title only and then adopted by motion. The motion should be "I move the approval of Resolution 04-2025, adopting the final budget for fiscal year 2025/2026.
8. By motion, the DDA should adjourn the public hearing and the meeting.
RESOLUTION
NO. 03-2025
A RESOLUTION OF THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ADOPTING A FINAL MILLAGE RATE FOR FISCAL YEAR 2025/2026; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES
WHEREAS, by State law, the West Palm Beach Downtown Development Authority, an independent special district, is required to annually hold advertised public hearings in order to fix a millage rate to be levied by the Downtown Development Authority; and
WHEREAS, the Downtown Development Authority held a public hearing on September 03, 2025, adopting a proposed millage rate and tentative budget; and
WHEREAS, the Downtown Development Authority duly advertised and held a public hearing on September 17, 2025, in order to adopt a final millage rate and final budget, in accordance with Section 200.065(2)(d), Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY THAT:
Section 1: The Downtown Development Authority does hereby adopt its final millage rate of .9700 mill to be levied necessary to fund the final budget upon all real property located within the boundaries of the above-named taxing authority.
Section 2: The final levy of .9700 mill is a 42.94% decrease from the rolled back rate of 1.6999 mills.
Section 3: This final millage rate of .9700 mill is levied to fund expenses for the fiscal year commencing October 1, 2025, and ending September 30, 2026.
Section 4: This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 17th DAY OF SEPTEMBER 2025
WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY
Tim Harris, Chairman
ATTEST:
CERTIFICATE
I, the undersigned Executive Director of the West Palm Beach Downtown Development Authority, do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by said Authority on the 17th day of September 2025.
TENEKA JAMES EXECUTIVE DIRECTOR
RESOLUTION NO. 04-2025
A RESOLUTION OF THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY ADOPTING THE FINAL BUDGET FOR FISCAL YEAR 2025/2026; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES
WHEREAS, in accordance with State law, the West Palm Beach Downtown Development Authority, an independent special district, is required to hold advertised public hearings each fiscal year in order to adopt an annual budget; and
WHEREAS, the Downtown Development Authority held a public hearing on September 03, 2025, regarding the proposed millage and tentative budget; and
WHEREAS, the Downtown Development Authority duly advertised and held its final public hearing on September 17, 2025, to adopt a final millage rate and final budget, in accordance with Section 200.065(2)(d), Florida Statutes.
NOW, THEREFORE, BE IT RESOLVED BY THE WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY THAT:
Section 1: The proposed expenditures in the final budget are $11,240,012. The budget is based on a taxable value of real property of $4,396,743,014, personal property of $0, and anticipated ad valorem revenue of $4,051,599.
Section 2: The final budget, attached as Exhibit A, is approved and the funds may be expended commencing on October 1, 2025, and ending on September 30, 2026
Section 3: Any and all carryover funds from the 2024/2025 final budget not expended during the fiscal year 2024/2025 may be used and expended during subsequent fiscal years.
Section 4: This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 17th DAY OF SEPTEMBER 2025
WEST PALM BEACH DOWNTOWN DEVELOPMENT AUTHORITY
Tim Harris, Chairman
ATTEST:
CERTIFICATE
I, the undersigned Executive Director of the West Palm Beach Downtown Development Authority, do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by said Authority on the 17th day of September 2025.
TENEKA JAMES EXECUTIVE DIRECTOR
