Oldsmar sets tentative millage at 4.05 mills and adopts tentative FY 2025‑26 budget

The Oldsmar City Council adopted a tentative millage rate of 4.05 mills and a tentative fiscal year 2025‑26 budget totaling $53,842,890 during Wednesday’s public hearings. City staff reported the proposed millage equals last year’s rate and is 4.7% greater than the certified rollback rate of 3.86383 mills provided by the Pinellas County property appraiser. City Clerk read Resolution 2025‑22 by title; council adopted it by roll call, with Council members and the mayor voting yes. The tentative budget (Resolution 2025‑23) lists appropriations across funds, including a general fund of $20,999,195, capital improvements of $5,658,500 and a stormwater utility fund budget of $5,068,765, among others. The staff noted the final millage and budget will return for a second public hearing and final adoption on Sept. 16, 2025. Council emphasized staff work to keep the city’s millage rate no higher than the prior year — the council said Oldsmar has maintained or lowered the rate several times over the past decades. No public commenters addressed these items at the hearings.