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Lynn Haven Commission Adopts Tentative 4.2834 Millage; Finance Panel Recommends Using Reserves for Bond Payment
Summary
After a multi-hour budget hearing, the Lynn Haven commission set a tentative millage of 4.2834, approved a tentative city budget, and debated staff pay, a 3% COLA and how to cover a $2.8 million bond debt service payment while weighing cuts and rate studies for utilities.
The Lynn Haven City Commission voted on Sept. 2 to set a tentative millage rate of 4.2834 for fiscal 2025–26 and approved a tentative city budget, following extended discussion by a finance review committee, staff and members of the public.
The Finance Review Committee and city staff presented a proposed budget that includes a 3% cost-of-living adjustment for city employees and an estimated $606,000 increase in total personnel costs. Committee member and finance presenter Michael Snyder (committee member name as recorded) recommended the millage “should be set at 4.2834” to balance the general fund while excluding the 2019 bond debt service payment from that calculation; commissioners were told the budget will draw $2.8 million from…
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