Largo City officials have outlined significant changes to utility rates and proposed millage rates during the Joint Largo City Commission and Finance Advisory Board meeting held on July 25, 2025. These adjustments are set to impact residents' monthly bills and the city's financial health in the coming fiscal year.

The proposed increases include a 10% rise in solid waste fees, a 15% hike in stormwater charges, and a 5% increase in wastewater rates. For residents, this translates to an additional $2.80 for solid waste, $2.31 for stormwater, and $1.61 for wastewater, with a further charge of 20 cents per 1,000 gallons of water used. These changes are part of a broader strategy to ensure the city can maintain essential services while addressing future financial stability.

In addition to utility rate adjustments, the commission discussed the proposed millage rates for fiscal year 2026. The current millage rate, which cannot exceed 5.52 mills, is projected to generate an additional $2.4 million in revenue compared to the previous fiscal year. This would leave the general fund with an ending balance of 19.7%. Alternatively, the statutory rollback rate would yield $343,000 in additional revenue, resulting in a fund balance of 16.3%. The city manager's budget proposal indicates that residents could see an increase of approximately $9.57 per month, or $115 annually.

The meeting also highlighted the timeline for the Truth in Millage (TRIM) notices, which will be mailed to residents on August 18, 2025. These notices will inform residents of the maximum millage rate and set the stage for the first and second readings of the final millage rate and budget adoption scheduled for September.

As the city prepares for these changes, officials emphasized the importance of community engagement and transparency. Residents are encouraged to voice their questions and concerns regarding the proposed rates before the next steps are taken. The discussions from this meeting will play a crucial role in shaping Largo's financial landscape and ensuring the city can continue to provide essential services to its residents.