Budget, taxes and fees
Where it standsThe council adopted a $1.44 billion FY2027 budget 7-1 and kept the property tax rate at 5.1471 mills; it also approved this year's stormwater fee and fire assessment 6-2.
What's on the tableThe new council sets the FY2028 tax rate, fees and assessments, and decides how much to rely on reserves.
- The council voted 7-1 to approve a $1.44 billion budget and kept the general property tax rate at 5.1471 mills, the same as last year; Derrick Donnell cast the only no vote. Gulfshore Business ↗
- At the first budget hearing, the council voted 7-1 to use $1,642,783 from the budget stabilization reserve to cover a gap that stemmed from a decrease in state shared revenues. Cape Coral Breeze · Sep 15, 2026 ↗
- The council approved the FY2026-27 stormwater fee and fire protection assessment 6-2, with Keith Long and Rachel Kaduk voting no on both. Cape Coral City Council · Aug 26, 2026 ↗
Amendment 3 and city revenue
Where it standsStatewide Amendment 3 on the Nov. 3 ballot would raise the homestead exemption for non-school taxes, which the city says would cut its property tax revenue.
What's on the tableIf it passes, the next council decides what to cut, delay or fund differently to make up the lost revenue.
- Amendment 3 would raise the homestead exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028; it needs 60% of the vote to pass. Ballotpedia ↗
- The city estimates Amendment 3 would cost it $31.1 million in tax revenue in year one and $56.9 million in year two, citing the state's Office of Economic and Demographic Research. City of Cape Coral ↗
- According to the city, 91.4% of Cape Coral is residential and 60.8% of improved residential properties are homesteaded. City of Cape Coral ↗
Bimini East redevelopment
Where it standsThe council, sitting as the redevelopment agency, approved a tax rebate of up to $45.7 million for the $500 million Bimini East project; a hearing on the development agreement is set for Oct. 7.
What's on the tableThe next council will oversee the Bimini East agreement and any changes to it, including the future of Four Freedoms Park.
- Sitting as South Cape Community Redevelopment Agency commissioners, the council approved a $45.7 million tax rebate for the Bimini East project. Cape Coral Breeze · Sep 10, 2026 ↗
- The Crowne Development proposal is a $500 million project with 900 residential units, 250 hotel keys, medical and general office space, retail and a marina on 34 acres. Cape Coral Breeze · Sep 10, 2026 ↗
- The city manager said the development agreement will not include a transfer of Four Freedoms Park, which will remain city land. Cape Coral Breeze · Sep 10, 2026 ↗
- The public hearing on the Bimini East development agreement was moved to Oct. 7, when the council will decide whether to approve it. Gulf Coast News · Sep 17, 2026 ↗
North 3 utility expansion assessments
Where it standsThe council moved forward with assessments for the North 3 Utilities Expansion project on Sept. 28; a final vote on assessments and construction contracts is expected Nov. 2.
What's on the tableThe next council will oversee construction and any later utility expansion phases and their assessments.
- North 3 lots east of Burnt Store Road face an estimated assessment of $35,264 and lots west of it $41,029, before plumbing and connection costs. Cape Coral Breeze · Sep 29, 2026 ↗
- A public hearing on the final assessment resolutions and construction contracts is set for Nov. 2, the day before the election. Cape Coral Breeze · Sep 29, 2026 ↗
Oversight of the city manager
Where it standsCape Coral has a council-manager government: the mayor and council appoint the city manager, who prepares the budget and runs city departments.
What's on the tableThe new council evaluates City Manager Michael Ilczyszyn and decides whether to keep him.
- The mayor and council appoint a city manager who serves as the city's chief administrative officer and prepares the budget for the council. City of Cape Coral ↗
- Asked to rate City Manager Michael Ilczyszyn on a 1-to-5 scale, both mayoral candidates gave him a 3. Cape Coral Breeze · Oct 1, 2026 ↗