1. Budget Parameters and Fire Assessment

July 21, 2026 City Council Regular Session · 2026-07-21 · agenda_item

The City of Mount Dora is reviewing its budget parameters and fire assessment for the upcoming fiscal year. This review is prompted by a proposed statewide property tax amendment that could significantly reduce the City's ad valorem revenue. The City Council is discussing how to maintain core services while preparing for potential financial impacts. The residential fire assessment fee is proposed to remain unchanged at $239 per dwelling unit, projected to generate approximately $2.37 million. A future workshop is planned to discuss budget reductions and alternative revenue sources. This early stage of budget review and planning presents an opportunity for contractors, suppliers, and service providers to engage with the city regarding potential future needs related to infrastructure, facility maintenance, and other municipal services that may be impacted by budget adjustments. Understanding the city's financial planning process now can help businesses prepare for potential future bids and contracts.

homestead exemption

150000 dollars

homestead exemption

250000 dollars

revenue reduction

33 percent

revenue reduction

53 percent

commercial property assessment cap reduction

10 percent

commercial property assessment cap reduction

5 percent

clinic costs increase

7 percent

insurance increases

1.8 percent

insurance increases

2 percent

property tax roll increase

9.98 percent

additional ad valorem revenue

1.274 million dollars

proposed tax increase

41.06 dollars

residential fire assessment fee

239 dollars per dwelling unit

residential fire assessment revenue

2.37 million dollars

fire impact fees revenue

140000 dollars