Snapshot of the growing city of Ocala’s budget over the past five years

Photo courtesy City of Ocala.

Total Budget Growth (overall increase of 29%)

2021/22 Adopted $891.3 million

2022/23 Adopted $968.3 million

2023/24 Adopted $1.00 billion

2024/25 Adopted $1.06 billion

2025/26 Tentative $1.15 billion

Revenue Highlights

Ad Valorem taxes (property tax) up 52% over this period

2021/22: $35.5M

2022/23: $39.7M

2023/24: $44.4M

2024/25: $49.0M

2025/26: $53.9M

Note: Millage rate was maintained at 6.6177. The increase is reflective of higher property values.

Charges for services (utilities, etc.) grew 26% over this period.

2021/22: $227.4M

2022/23: $276.5M

2023/24: $262M

2024/25: $268.7M

2025/26: $286.6M

Note: The single biggest contributor to revenue across all years for the city.

Expenditure Highlights

Public safety (police, fire, EMS) increased nearly 62%.

2021/22: $65.8M

2022/23: $82.1M

2023/24: $89.5M

2024/25: $106.4M

2025/26: $106.7M

Note: This expenditure had the most dramatic rise since 2021/22.

Physical environment (utilities, water, sewer, sanitation) saw a 30% increase:

2021/22: $261.1M

2022/23: $295.9M

2023/24: $308.6M

2024/25: $325.8M

2025/26: $339.2M

Note: This is consistently the largest single expense category.

General government saw a 43% increase:

2021/22: $48.7M

2022/23: $52.7M

2023/24: $58.4M

2024/25: $60.6M

2025/26: $69.5M