The Briny Breezes Town Council tentatively set the property tax rate for the coming fiscal year at $3.75 per $1,000 of taxable value, the same rate as the current year and the one Town Manager Bill Thrasher recommended.
At the council’s July 25 meeting, Thrasher noted that the town’s tax base had risen 11.3%, to $95.2 million, but he advised the aldermen not to lower the tax rate.
Briny Breezes is in the process of borrowing millions of dollars to fix its sea walls and redo its drainage system as a defense against rising sea levels.
“In my opinion we’re going to need all the revenue that we can garnish going forward from this point,” Thrasher said.
The town’s first public hearing on its budget and tax rate will be at 5:01 p.m. Sept. 12 with a final public hearing at the same time Sept. 26. The new budget takes effect Oct. 1.
— Steve Plunkett
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