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Nassau Bay council advances $18.5M 2025–26 budget, proposes property tax rate unchanged at $0.670499
Summary
Council held a public hearing, reviewed budget details and approved an ordinance to adopt the FY2025–26 budget; council also set the proposed tax rate at $0.670499, the same rate as last year, and scheduled a public hearing on the rate.
Nassau Bay City Council held a public hearing on the proposed FY2025–26 operating and capital budget and voted to adopt the budget and set the proposed tax rate at $0.670499.
The council opened the formal public hearing on the budget at 7:47 p.m. Jaime (city staff) summarized the taxpayer impact: the proposed rate equals last year’s rate of $0.670499. Jaime told the council that the average homestead taxable value rose by about 4 percent, and the city’s “no new revenue” tax rate would have produced a $45.12 lower payment for the typical homestead compared with the proposed rate. The council closed the public hearing at 7:50 p.m.
Why it matters: The adopted $18.5 million fiscal plan allocates the largest shares to the general fund and the water/sewer fund,…
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