The City of Weston’s annual budget establishes and prioritizes the city’s needs and programs, including the basic services necessary for our residents and businesses, and also considers new and emerging issues and those brought forth by the City’s elected representatives. It funds a full fiscal year from September 30th to October 1st.
Each fiscal year, the budget is proposed by the City Manager, is contemplated by the City Commission at two public hearings each September, and must be adopted by the City Commission before it takes effect on October 1st.
| FY 2019 City Manager's Tentative Budgets Presentation
| Fiscal Year 2019 City Manager's Tentative Budgets Book
Fiscal Year 2018 Adopted Budget
The City’s Gross Taxable Value has increased by 5.97% above the prior year’s, to $8,357,884,441. Although Weston's Gross Taxable Value increased by 5.97% above the prior year, that gain ranked Weston in the bottom one third of increases among all of Broward's municipalities. Among Broward’s 31 municipalities, 27 had greater increases in taxable value this year, primarily due to new construction. It is essential that Weston maintain its physical infrastructure to maintain its taxable value, and attract redevelopment and new uses if it is to increase its taxable value in the coming years.
The City of Weston Adopted Budget for Fiscal Year 2018 is based on an ad valorem millage rate of 2.3900 mills and will result in an increase in ad valorem revenues of $1,068,758 when compared to Fiscal Year 2017.
General Fund Revenues for Fiscal Year 2018 have increased by $1,822,450 or 4.32% when compared to Fiscal Year 2017.
General Fund Expenditures for Fiscal Year 2018 are increased by $3,419,659 or 8.17% when compared to Fiscal Year 2017.
Read more about the City of Weston’s expectations for Fiscal Year 2018 and the City’s long-term goals in the budget message section.
The Adopted millage rate for the 2017 Tax Year (FY 2018) is at 2.3900 mills.
- The millage rate for the previous Tax Year (FY 2017) was 2.3900 mills.
- No increase in the Adopted millage rate for the 2017 Tax Year (FY 2018), maintaining the rate of 2.3900 mills for the fourth consecutive year.
- The City’s taxable property value has increased by 5.97% according to the Broward County Property Appraiser.
The City of Weston holds the top-level AAA credit rating from both Standard & Poor and Moody’s Investor Services, underscoring the City’s solid financial stewardship. The City of Weston is in exclusive company — only two other Florida municipalities have maintained the AAA credit rating from S&P, and only four other Florida municipalities have maintained the AAA credit rating from Moody’s.
To access the reports, click on the links below:
Awards and Recognition
The City of Weston’s annual budget document has received the Distinguished Budget Presentation Award each year since inception from the Government Finance Officers Association. This is the highest form of recognition in governmental budgeting and represents a significant achievement.