The South Palm Beach Town Council approved a $1.75 million budget during September public hearings that will hold the tax rate at $4.32 for each $1,000 of taxable property value, the same as this year’s rate.
The town will dip into reserves for $117,000 to keep from having to increase the tax rate.
Property values dropped an average of 1.7 percent townwide, meaning many condominium owners will see a decrease in town-imposed taxes.
The town will spend $58,000 for Town Hall improvements, including landscaping, new audience chairs and an improved audio-visual system. Employees will receive no cost-of-living pay increases for the fourth consecutive year.
— Tim O’Meilia
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