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Lake Clarke Shores adopts 5.995-mill rate, approves $9.8 million budget and five-year CIP with dredging and paving added
Summary
At a Sept. 24 public hearing the Town Council set a final millage rate of 5.995 mills, adopted the 2024-25 budget and approved a five-year capital improvement element that adds $10 million for waterway dredging and increases paving allocations.
The Town Council of the Town of Lake Clarke Shores voted Sept. 24 to set a final millage rate of 5.995 mills for fiscal year 2024–25 and to adopt the town’s $9.8 million final budget and an updated five-year capital improvement element.
The vote came at the final public hearing required under Florida law. Town Manager Joe told the council and residents the adopted 5.995 mills is 7.76% greater than the rollback rate of 5.5634 and that the council had worked to reduce the millage in consecutive years. "The announcement is the Town of Lake Clark Shores setting and fixing the final millage rate to be levied at 5.995 mills, which is 7.76% over the rollback rate of 5.5634," Joe read aloud when presenting the resolutions.
Why it matters: the town says the adopted rate and budget are intended to cover capital…
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