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The City Commission unanimously approved a 4.8565-mill property tax rate and the fiscal year 2025-26 budgets, including $70,303,710 in general operating revenues and $3,406,348 for the Community Redevelopment Agency.
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The approved millage rate is higher than the current 4.5000 mills and 15.60% above the rolled-back rate of 4.2012 mills. The commission also approved a $20 million increase to a state revolving fund loan for the Crest Avenue wastewater treatment facility, at a stated 1.64% interest rate, with water and sewer revenues pledged for repayment. Commissioners approved equipment upgrades for 44 lift stations for $113,734.45.
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