Sebastian Budget Committee Reviews FY27 Draft, Millage Rate

The Sebastian Budget Review Advisory Committee met Monday, July 20, 2026, at City Hall to discuss the draft Fiscal Year 2027 budget and proposed millage rate. The committee reviewed financial plans for the upcoming fiscal year and discussed the millage rate recommendation to the City Council.

Members approved minutes from previous meetings on May 4 and May 11, 2026. A quorum issue canceled the May 4 meeting; the May 11 meeting approved the February 9, 2026, minutes.

At the May 11 meeting, Chief Financial Officer Brian Stewart presented the FY 2026 Second Quarter Financial Report. Golf fees and sales reached 68% of the annual budget by March 31, 2026. Interest earned increased to $494,000 from $243,000 the previous year. The committee reviewed capital projects and a budget amendment summary showing a $5,297 increase in the fund balance for the quarter.

The committee also set its next meeting for Monday, August 3, 2026. Information on Zoom access was available on the City’s calendar. Those needing special accommodations could contact the City's ADA Coordinator at 589-5330 at least 48 hours in advance.