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The Town Commission unanimously approved a 3.6510-mill property tax rate and a $37,116,027 operating budget for fiscal year 2025-2026. The rate is 6.53% above the rolled-back rate of 3.4273 mills, while commissioners said property valuations increased and town revenues were down from the prior year.
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Lady Lake approved its tax rate and spending plan for the coming fiscal year, including funding for the general fund, special revenue fund, and utilities fund. The approved millage rate did not increase from the current rate, but higher property values mean some property owners may pay more. The commission also approved de-annexing nine properties, vacating about 928 feet of right-of-way, and allowing a reduced side-yard setback for one property.
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