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Oviedo council adopts FY 2025–26 budget, sets millage at 5.975 mills
Summary
The Oviedo City Council on Sept. 15 adopted the fiscal year 2025–26 budget and set the total millage at 5.975 mills, comprising a 5.861 operating rate and a 0.114 general obligation bond rate; council stated the operating rate is 4.32% above the rollback rate.
The Oviedo City Council adopted the fiscal year 2025–26 budget and set the citywide millage rate at 5.975 mills — an operating rate of 5.861 mills plus a 0.114 mills general-obligation bond rate — at its Sept. 15 meeting.
City staff presented the budget package and the recommended millage. “The operating millage rate of 5.861 mills will result in $24,504,798 in ad valorem revenue to support the general fund,” city staff said during the presentation, noting that the operating rate is 4.32% higher than the rollback rate of 5.6184 mills.
The council said the budget maintains current service levels and funds a 4% pay increase for general government…
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