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Lake Placid council adopts 3.65-mill rate and approves FY2025-26 budget after debate over reserves
Summary
The Lake Placid Town Council voted to set the 2025-26 millage at 3.65 and adopt the town's fiscal year 2025-26 budget amid a divided council and public comment about reserve use and rate impacts on renters.
Mayor Holbrook and a majority of the Town Council voted Monday to set a 3.65 millage rate and adopt the town's fiscal year 2025-26 budget, moves supporters said are needed to preserve core services. Council member Charles cast the lone recorded no vote on both measures.
The vote followed more than an hour of debate in which council members, staff and residents weighed using portions of the town's general-fund reserves versus putting the increase primarily on property owners.
Council member Worley urged approval, saying the actual dollar impact is modest compared with neighboring cities. "When you put it down to brass tacks, it's really not that much," Worley said, adding the town must fund public safety and other essential services. Council member Hayes and Council member Everhart joined Worley in voting to adopt the millage and budget; Charles voted no.
Town staff presented the mechanics behind the advertised percentage in the…
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