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Cedar Key adopts slight millage increase to balance FY 2024–25 budget
Summary
The Cedar Key commission approved Resolution 4‑87 adopting a 4.4936 mill ad valorem tax rate for fiscal year 2024–25, citing a modest increase driven by higher insurance and cost-of-living pressures after budget cuts. The voice vote carried.
The Cedar Key commission voted to adopt Resolution 4‑87, setting the city’s final millage at 4.4936 for fiscal year 2024–25. Staff read the resolution; a commissioner moved to adopt it and another seconded, and the body approved the measure by voice vote.
Staff member (S4) read the text of the measure and framed the discussion around the required finding: why the percentage increase was needed to balance the budget. Commissioner (S5) said cuts had been made but higher costs — including insurance increases reported at roughly 20–22% — made a slight rate increase reasonable. "It's a slight increase over the rollback rate," S4 said when introducing the resolution. The motion to adopt was made by Committee member (S2) and seconded by Committee member (S5); Chair (S1) called the voice vote and announced, "Motion carries."
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