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Council adopts final millage (3.4455 mills) and FY 2025–26 budget; staff and residents debate reserves and spending
Summary
The City Council set a final millage rate of 3.4455 (14.29% above rollback) and adopted the FY 2025–26 budget after presentations on revenue assumptions, projected expenditures and public comment urging no tax increase.
The Sebastian City Council adopted a final millage rate of 3.4455 mills and approved the fiscal year 2025–26 budget after the second public hearing required by Florida law.
Finance staff said the proposed millage is 14.29% higher than the rollback rate (3.0148) and was necessary to balance the general fund without using more than a modest amount of reserves. City staff reported a certified increase in total taxable values of…
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