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Lake City council sets tentative millage at 4.9 mills and approves tentative $86.8 million budget
Summary
The council approved a tentative millage rate of 4.9 mills and a tentative FY2025–26 budget of $86,756,748, with staff saying final amendments can be made before the final hearing.
The Lake City Council on Sept. 3 adopted a tentative millage rate of 4.9 mills for fiscal year 2025–26 and approved a tentative budget totaling $86,756,748 in revenues and expenditures. The tentative millage represents a 4.62% increase over the rollback rate the finance director provided. The council approved the tentative millage and the tentative budget after public comment and council discussion.
During the public hearing, residents urged the council to use the rollback rate and expressed concerns about property-value-driven increases in tax bills. Several speakers said rising…
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