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Palm Bay council sets tentative millage at 6.7 after extended budget debate
Summary
After several failed motions and detailed discussion of reserves and capital needs, the Palm Bay City Council voted 4–1 to set a tentative millage rate of 6.7 and unanimously set the debt millage at 0.993; the final rate will be adopted by resolution at a later hearing.
The Palm Bay City Council voted to set a tentative millage rate of 6.7 after a prolonged debate over how much to raise property-tax revenue to shore up emergency reserves and fund capital needs.
Deputy Mayor Jaffe moved to set the millage at 6.7, seconded by Councilman Hammer; the motion passed 4–1 with Councilman Langevin the lone dissenting vote. The council also unanimously approved a debt millage of 0.993.
Why it mattered: Council members were negotiating a narrow band of possible rates — proposals…
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