3. FY 2024-25 Audit

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

The City of Mount Dora is reviewing its proposed maximum millage rate for the Fiscal Year 2026-2027 budget. The City Council is considering a maximum rate of 6.5000 mills, which is a potential increase from the current rate of 6.3000 mills. This review is part of the budget process, which includes public hearings scheduled for September 3, 2026, and September 15, 2026. The final millage rate will be set after these hearings. This process involves setting a budget that balances city services, infrastructure needs, and taxpayer impact. Businesses involved in financial services, accounting, and legal services may find opportunities related to the city's budget and financial planning processes. Early engagement with city staff before final budget adoption could provide insights into the city's financial planning and potential future needs.

maximum millage rate

6.5000 mills

current millage rate

6.3000 mills

gross taxable value

2,392,258,476 dollars

rolled-back millage rate

5.9985 mills

proposed maximum millage rate increase over rolled-back rate

8.36 %