The Pensacola City approved their Fiscal Year 2018-19 annual budget in September. The approved budget is $239.7 million, which is an increase of almost $11 million over last year’s budget. The ad valorem property tax in the city rose by 4.83% to 4.2895 mills. The aggregate rolled-back rate in the FY 2017-18 budget was 4.0919 mills. The Downtown Improvement Board’s ad valorem tax rate remained at 2.0000 mills.
You can view the City of Pensacola Proposed Budget in Brief here and you can view the FY 2018-19 city budget here .
The Escambia County 2018-19 Fiscal Year budget is $477.1 million, an increase of over $20 million from the 2017-18 budget. Revenues from property taxes increased by seven million dollars, revenues from the Half Cent Sales Tax rose by $1.35 million, revenues from the Local Option Sales Tax (LOST) rose by $1.2 million and revenues from the Tourist Development Tax (TDT) rose by $500,000. The millage rate stayed steady again at 6.6165.
You can view the Citizens Guide to the Escambia County Proposed Budget here and you can view the FY 2018-19 proposed budget in full here.