Port St. Lucie City Manager Jesus Merejo has released the proposed budget for the fiscal year 2025-26, which includes a recommended decrease in the property tax rate for the tenth consecutive year. The fiscal year will begin on October 1, with a total proposed budget of $907.4 million allocated for both operating and capital funds.
The budget aims to support Port St. Lucie’s strategic goal of being a high-performing government organization while maintaining a balanced budget that provides high-quality services to residents. “The budget I am proposing equips City staff with the tools to respond swiftly to community needs while planning for a thriving future,” Merejo stated. He emphasized prioritizing efficiency and innovation to ensure residents receive expected services while making financially sound decisions.
The proposed overall total tax rate is set at 4.9950 mills per $1,000 of taxable property value, down from 5.0550 mills in the previous fiscal year.
City Council will review this proposal during a workshop scheduled from July 23-25, which will be broadcast live on the City’s website and local channels Xfinity (Channel 20) and Blue Stream Fiber (Channel 20). The final adoption of the budget by City Council is slated for September, with public hearings scheduled for September 8 and September 22 at 5:30 p.m.
For more details on the full proposed budget and a brief overview, residents can visit cityofpsl.com/budget.
