Windermere Council sets proposed tax rate

The Windermere Town Council tentatively approved a proposed property tax rate of 3.78 for fiscal 2015 at its July 10 budget workshop.

This rate matches the one in the current budget, Town Manager Robert Smith said.

The new fiscal year begins Oct. 1. According to town data, the 3.78 rate would generate almost $2.13 million in property tax revenue for the town’s general fund.

Windermere’s rollback rate — at which the current tax base would produce the same taxes levied as the previous year — is 3.65, which would generate $2.05 million in property tax revenue.

The Town Council will hold budget hearings at 6 p.m. Tuesday, Sept. 2, and 6 p.m. Tuesday, Sept. 16. Council members will cast final votes on the new tax rate and budget at the Sept. 16 meeting.

Both meetings are open to the public and will take place at Town Hall, 520 Main St.