3. FY 2024-25

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

The City of Mount Dora is requesting approval for a maximum millage rate of 6.5000 mills for the Fiscal Year 2026-2027 budget. This proposed rate is under review by the City Council and will be subject to public hearings in September 2026. The process involves establishing a ceiling millage rate, which allows flexibility while the city evaluates its financial needs, capital obligations, and potential taxpayer impact. The final millage rate will be set after public hearings, with the first scheduled for September 3, 2026, and the second on September 15, 2026. This budget process will involve assessing operating needs, capital obligations, and reserve requirements. Local businesses involved in financial services, accounting, and potentially those supplying goods and services to the city could benefit from understanding the city's budget planning and upcoming financial decisions. Engaging early in this review process allows providers to be aware of the city's financial direction and potential future needs.

maximum millage rate

6.5000 mills

Fiscal Year

2026-2027

first public hearing

September 3 2026

second public hearing

September 15 2026

current operating millage rate

6.3000 mills

Fiscal Year

2025-2026

gross taxable value

2,392,258,476

rolled-back millage rate

5.9985 mills

proposed maximum millage rate

6.5000 mills

percentage increase over rolled-back rate

8.36 %