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Daytona Beach Shores adopts 4.588 millage rate and $97.45 million budget
Summary
The City Commission set a final operating millage rate of 4.588 mills and adopted a $97,447,400 budget after a public hearing and staff presentations. The rate is unchanged from recent years and raises property tax revenue above the rollback rate; officials said the larger budget reflects sewer capital projects.
Daytona Beach Shores’ City Commission adopted a final operating millage rate of 4.588 mills per $1,000 of assessed value and approved a $97,447,400 fiscal year 2025–26 budget during a public hearing Tuesday evening.
The action, taken after a staff presentation and no public comments, sets a rate that city Finance Director Lori Erwin said is the same rate the city has used for the past three years and is higher than the rollback rate of 4.4529 mills. “The proposed final millage rate of 4.588 mils per thousand of assessed value,” Erwin said during the hearing, noting that the difference represents a 3.03% increase over the rollback figure.
Why it matt…
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