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Live Oak adopts $38.0 million budget, sets tax rate; council ratifies revenue increase from new property
Summary
The council adopted the fiscal 2025–26 budget totaling $37,999,007.31, ratified a $302,004.74 revenue increase from new properties and adopted a tax rate of 0.386734 per $100 valuation (0.31227 M&O; 0.074464 debt service). All measures passed unanimously.
The Live Oak City Council on Sept. 9 adopted the fiscal year 2025–26 budget and set the city property tax rate for tax year 2025.
City staff presented the proposed budget, which the council approved as printed: $37,999,007.31 in all funds. "Our budget as it stands now will be $37,999,007.31," the city presenter said. Staff said the adopted budget will raise $462,008.25 more in property tax revenue than last year's budget, a 6.15 percent increase; the…
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