Oakland Town Commission approves final budget and millage rate

The Oakland Town Commission unanimously approved the budget and millage rate for Fiscal Year 2025-2026, which begins Oct. 1. 

Oakland Finance Director Gabrielle Leon gave a presentation Tuesday, Sept. 23, about the final budget and the changes that occurred since the town’s last meeting Sept. 8. 

Leon said revenue will remain unchanged for the town’s General Fund, while expenditures were adjusted to reflect a 38% savings the town and Oakland Avenue Charter School received from Preferred Governmental Insurance Trust. These savings increased the General Fund reserves from $135,741 to $302,591. 

“That’s not the only money the town has,” Leon said. “That’s just what’s left over. … Any money that’s left over gets put into a contingency GL code for any unexpected expenses that come up throughout the year. … We don’t just have $302,000 left over in our reserves to operate the town; that’s not what those numbers mean.” 

Leon said OACS’ reserves also increased from $25,456 to $80,456.04. 

The town also made changes to its General Liability and Workers Compensation codes: finance/administrative, public works and police department compensation lines were revised to move budgeted overtime into the compensation code. 

Leon said impact fees, the Enterprise Fund and OACS’ revenue have not changed. The millage rate of 6.70 remains the same. 

The total final budget amounts to $29,990,321, with $11,020,949 going toward the General Fund, $7,552,550 going toward the Utility Fund, $5,095,392 going toward Special Revenue and $6,321,430 going toward OACS’ operations.