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Huntsville Council told to expect reduced Lakeland dividends again in 2027
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Huntsville Council told to expect reduced Lakeland dividends again in 2027
The Town of Huntsville is being advised to budget for another significant reduction in its dividend from Lakeland Holding Ltd. in 2027, as the municipally owned utility works to rebuild reserves following costly weather events and other unexpected expenses. During Huntsville Council’s Sept. 30 meeting, CAO Denise Corry said Lakeland has advised its municipal shareholders that it expects to distribute a total dividend of $1 million in 2027 — half…
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