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 part of the city's planning process to maintain core services while preparing for potential financial impacts from a proposed statewide property tax amendment. The amendment could significantly reduce the city's property tax revenue. The city is considering potential reductions in services like garbage collection, facility maintenance, library services, and community events. The residential fire assessment fee is proposed to remain at $239 per dwelling unit, projected to generate about $2.37 million. This review is currently under consideration by the City Council. Businesses involved in municipal services, infrastructure, and public safety may find opportunities as the city plans its budget and explores revenue sources. Early engagement with city staff could provide insights into upcoming needs and potential projects.

homestead exemption

150000 dollars

homestead exemption

250000 dollars

ad valorem revenue reduction

33 percent

ad valorem revenue reduction

53 percent

commercial property assessment cap reduction

10 percent

commercial property assessment cap reduction

5 percent

clinic costs increase

7 percent

property, casualty, and workers’ compensation insurance increase

1.8 percent

property, casualty, and workers’ compensation insurance increase

2 percent

total taxable value increase

9.98 percent

additional ad valorem revenue

1.274 million dollars

proposed tax increase for average resident

41 dollars

residential fire assessment fee

239 dollars per dwelling unit

residential fire assessment revenue projection

2.37 million dollars

fire impact fees revenue projection

140000 dollars