3. FY 2024-25

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

The City of Mount Dora is reviewing its maximum millage rate for the Fiscal Year 2026-2027 budget. The City Council is considering adopting Resolution No. 2026-08, which would set a proposed maximum millage rate of 6.5000 mills. This action is part of the budget process, which includes public hearings scheduled for September 3 and September 15, 2026. The proposed rate is a ceiling, and the final rate could be lower. This review is currently under consideration and is early in the public process. The budget process will involve evaluating operating needs, capital obligations, and reserve requirements. This review could lead to future work related to infrastructure and capital obligations. Local contractors, suppliers, and service providers should engage with the City of Mount Dora to understand potential future needs as the budget is finalized. Early engagement before bids and permits are settled offers an advantage.

proposed maximum millage rate

6.5000 mills

current operating millage rate

6.3000 mills

gross taxable value for operating purposes

2,392,258,476

rolled-back millage rate

5.9985 mills

proposed maximum millage rate increase over rolled-back rate

8.36 %