Port St. Lucie City Manager releases proposed budget for FY 2025-26

Published on July 03, 2025

Port St. Lucie City Manager Jesus Merejo has published his proposed budget for the upcoming fiscal year, including a recommended property tax (millage) rate decrease for property owners for the 10th consecutive year.

Fiscal Year 2025-26 begins Oct. 1 and the proposed budget recommends a total of $907.4 million for the City’s operating and capital funds.

The proposed budget supports the City’s strategic goal to be a high-performing government organization and its initiative to reduce the City’s tax rate while ensuring a balanced budget that continues to provide high-quality services for 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 said. “By prioritizing efficiency and innovation, we ensure residents receive the high-quality services they expect while making financially sound decisions that strengthen our City.”

The millage rate is the rate of tax per $1,000 of taxable property value. The City Manager’s proposed overall total tax rate is 4.9950 mills for FY 2025-26, a decrease from 5.0550

City Council will review the City Manager’s proposed budget at a workshop to be held July 23-25 and televised live on the City’s website, Xfinity (Channel 20) and Blue Stream Fiber (Channel 20). The budget will be adopted by City Council in September, with public hearings taking place Sept. 8 at 5:30 p.m. and Sept. 22 at 5:30 p.m.

To find the City Manager’s full proposed budget and budget-in-brief, visit cityofpsl.com/budget.