Town budget hearing to be held Thursday
A Town of Fort Myers Beach Council budget hearing set for this Thursday at 5:01 p.m. in the town’s new town hall chambers is expected to include discussion on approximately $1.2 million in new spending cuts that town staff has identified that could potentially make up for a $1.2 million budget hole. The $1.2 million budget deficit led to the town council voting 4-1 last month to increase its millage rate. The town council still has time to lower the amount of its millage rate or not change it all, from the current rate of .99 mills per thousand dollars of assessed property value. Under the tentative 26% millage rate hike approved by the council, the millage rate would increase to ...