ISLAMORADA -- The Village Council will meet Thursday for the first of two required votes this month on the 2012-13 fiscal year budget.

The meeting is scheduled for 5:30 p.m. Sept. 6 in the Founders Park Community Center, mile marker 87, bayside.

In July, the council approved a tentative daily operating budget with a property tax rate of $253 per $100,000 in assessed value.

The rate would bring in $5.94 million, identical to what the village expects to collect in property taxes this year. The budget contains revenues and expenditures of $9.4 million. It also includes a cash reserve fund of $3.44 million.

The proposed budget includes no major changes in the services provided to Islamorada residents, though it does include two new staff positions -- one in the planning department and the other in the building department.

The council has the option of reducing, but not increasing, the property tax rate when it meets Thursday. Council members are scheduled to meet again Wednesday, Sept. 12, to take a final vote on the budget.

The new fiscal year begins Oct. 1.

Also on Thursday, the council will review a new contract with the Monroe County Sheriff's Office, which provides polices services in Islamorada. The $1.7 million price tag for 2012-13 would be $87,000 higher than this year. The proposed contract is otherwise unchanged, a village staff report says.