Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Satellite Beach council adopts 7.9‑mill rate and fiscal 2025–26 budget after public hearing
Summary
The City Council held a public hearing Sept. 3 and on first reading adopted Ordinance 12‑72 to set the operating millage at 7.9 mills and Ordinance 12‑73 to adopt the fiscal 2025–26 budget. Residents raised concerns about personnel growth and long‑term revenue reliance on rising property values.
The City Council of Satellite Beach on Sept. 3 adopted an operating millage rate of 7.9 mills for fiscal year 2025–26 and approved the city’s annual budget on first reading.
City staff said the adopted 7.9 mills is lower than last year’s rate but remains 3.26% higher than the rollback rate required for maintaining prior year revenue. A staff member explained that the city lowered the millage from the proposed 7.9812 to 7.9 and that because assessed property values have grown, many property owners may still see higher tax bills despite the lower rate.
The explanation to the public included an illustration of the rollback concept: the rollback rate would keep ad valorem revenue flat from the prior year even as the taxable base grows. “The public advertisement that has to go out…will say that the taxes are being increased because we are not adopting the rollback rate,” a staff member said…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
