The St. George Place Management District (SGPMD) is confronting financial distress after years of rising service costs, capped revenues, and a recent $19.7 million drop in taxable property values. With reserves exhausted and a projected $50,000 shortfall in the 2026 budget, the District’s Board is proposing two ballot measures: raising the maintenance and operations tax cap to $0.20 per $100 valuation, and setting the current ad valorem tax rate at $0.145 per $100. These measures aim to sustain essential services, including 24-hour security, landscaping, and infrastructure maintenance.
