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Oakland maintains 6.7-mill rate and adopts balanced FY2026 budget
Summary
The Town Commission approved Resolution 2025-09 to keep the ad valorem millage at 6.7 mills and approved Resolution 2025-10 adopting a balanced fiscal year 2026 budget that includes insurance savings, contingency increases and a $500,000 reserve allocation tied to fire rescue and budget balance.
At a Sept. 23 final public hearing, the Town Commission of Oakland, Florida, adopted Resolution 2025-09 to set the ad valorem millage at 6.7 mills for fiscal year 2026 and approved Resolution 2025-10 adopting the town’s balanced budget for the year beginning Oct. 1, 2025. The actions followed a staff presentation and a public comment period and passed on voice votes.
The town’s finance presentation said the rollback rate is 6.14 mills and that the proposed 6.7-mill rate represents a 9% difference from the rollback rate. "The rollback rate is the rate on the millage that we would have to charge in order to get the same…
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