Oakland keeps millage at 6.7 mills, adopts FY2026 budget after insurance savings boost reserves

The Town Commission of the Town of Oakland on Sept. 23 adopted a millage rate of 6.7 mills and approved the fiscal year 2026 budget, voting to pass Resolution 2025-09 (millage) and Resolution 2025-10 (budget).

The move preserves the same millage rate used in FY2025 and follows a staff presentation that said the town’s rollback rate was 6.14 mills, making the proposed 6.7 mills about 9% higher than the rollback rate. "The millage rate for fiscal year 2025 was 6.7 mills ... our recommendation this year is to keep the millage the same for fiscal year 2026," Gabby, a town staff member, told the commission during the public hearing on rates.

Why it matters: Ad valorem revenues remain the primary funding source for the general fund; staff emphasized that approximately half of general fund expenditures are for public safety. Officials said recent insurance savings increased the town’s contingency and reduced the pressure to draw on reserves.

Key budget details and discussion points presented to the commission included: - Revenue mix: staff said intergovernmental revenue was listed at $9,900,000 (about…