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Cocoa council approves proposed millage 6.9532 mills after narrow 3–2 vote; rollback also adopted
Summary
After debate about reserves, homeowner impacts and CRA transfers, Cocoa City Council adopted a resolution establishing the rollback rate (6.7367 mills) and approved a proposed millage rate of 6.9532 mills by a 3–2 vote; the first budget hearing is set for Sept. 3.
Cocoa City Council voted to set its proposed millage rate for fiscal year 2025–26 at 6.9532 mills, approving the figure by a 3–2 margin after a lengthy public hearing and council debate over alternatives including the rollback rate and a 6.85‑mill compromise.
Staff told the council the city’s property valuations increased about 6.1% year‑over‑year, with roughly 2.1% attributable to new construction. Using TRIM rules and a budget developed with the 6.9532 mills assumption, staff forecasted a gross tax revenue increase that would generate about $742,000 for the general fund (95%…
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