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Largo commission approves 5.52-mill property tax rate after split vote
Summary
After public comment and debate over reserves and spending priorities, the City of Largo commission approved Ordinance 2025‑42 setting the FY2026 property tax rate at 5.52 mills. The measure passed 5‑2 and a second public hearing and final adoption are scheduled for Sept. 16, 2025.
The City of Largo commission voted Sept. 3, 2025, to set the tentative property tax (millage) rate for fiscal year 2026 at 5.52 mills, approving Ordinance 2025‑42 by a 5‑2 roll-call vote and scheduling a second public hearing and final adoption for Sept. 16 at 6 p.m.
Staff told the commission the city’s taxable property values increased about 5.84% this year and that the 5.52‑mill rate would generate an estimated $2.4 million in additional revenue compared with FY2025, producing an ending fund balance near 17.8% under the tentative…
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