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Lake City council adopts 4.9 millage rate, approves $86.17 million budget
Summary
The Lake City Council voted to set the final millage rate at 4.9 mills and adopt a $86,169,734 fiscal year 2025–26 budget after public comment criticizing the impact on seniors and low-income residents.
The Lake City Council on Sept. 17 adopted a final millage rate of 4.9 mills and approved the city’s fiscal year 2025–26 budget totaling $86,169,734 in revenues and expenditures. The council voted unanimously to approve Resolution 2025-129 setting the millage and Resolution 2025-130 adopting the budget.
Why it matters: The adopted rate is 4.62 percent higher than the rollback rate of 4.6835 mills. Public speakers and several council members said the increase will raise property tax bills for some homeowners and could strain seniors and low-income residents who said they already struggle to pay for medicine, utilities and other necessities.
Council action and vote: The…
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