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Lake Wales reported that its governmental fund balance increased 35% to more than $18.2 million, while net position rose 22% for governmental activities and 8% for enterprise funds. The city expects preliminary property values in June, a draft budget on July 24, and its first formal budget workshop on August 12.
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The city is entering the 2026-27 budget process from a stronger financial position, with more reserves available for future spending decisions. The agenda also addressed potential borrowing for public safety facilities and equipment, a Pioneer Days event permit, maintenance standards, school-zone enforcement, and possible regulations for non-traditional vehicles. The provided minutes excerpts do not establish the final approval status of those agenda items.
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