CAPITAL IMPROVEMENT PLAN

Village Connection Budget GraphicThe majority of the Village’s budget, 77 percent, appropriates funding for capital improvements. The Fiscal Year 2023-2024 Plan focuses on quality of life, beautification, bicycle/pedestrian safety, traffic improvements, park improvements, utility improvements and information technology improvements. Projects within the plan are adopted as part of the budget approval process. Public input is encouraged!

TAXES TO REMAIN LOW

State Shared Revenue projections are stable and increasing slightly, according to the Florida Department of Revenue. The Village has set the maximum millage rate to 0.75 mills, the same rates as Fiscal Year 2022-2023. The Village maintains the lowest tax rate in the southwest Florida region.

RESPONSIBLE GOVERNMENT

The Village amended its Reserves Policy to retain three months of operating expenses, which is “best practice” according to the Government Finance Officers Association. This reduction from 12 months of operating reserves ensures the Village millage rate does not overtax Estero citizens. Additionally, the Village paid off its remaining debt seven years early, saving over $4 million in interest. The Village maintains its “government lite” approach and has the leanest staff in the Southwest Florida region.

BUDGETING WITH A PURPOSE

Each year, the Village undertakes a thorough review of community needs and matches these to projects within the Village’s budget. The annual process can be summarized as follows:

  1. Planning and studying
  2. Capital Improvement Plan adoption
  3. Performance data reviewed
  4. Public hearings and budget adoption

UPCOMING BUDGET MEETINGS

  • Thursday, Sept. 7, at 5:05 p.m. – 1st public hearing on Fiscal Year 2023-2024 proposed budget, including millage rate
  • Wednesday, Sept. 20, at 5:05 p.m. – 2nd public hearing on Fiscal Year 2023-2024 proposed budget, including millage rate

Attend live: Village of Estero Council Chambers – 9401 Corkscrew Palms Circle

Attend virtually: www.estero-fl.gov Virtual comment cards are available on the website for real-time participation.

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