2009-10 tax rate: $7.19 per $1,000 taxable value
Change in property value: 12.7 percent decrease
Initial Budget Target (Operating and Capital): $100.1 million, as per Aug. 3.
Total proposed cuts/savings: $3.9 million
What’s at stake: Commissioners have measures on the table that could allow them to dip into reserves and generate revenue with parking meters. Considering pension and benefits cuts, and putting police back on former schedule.
Quote: “I tried to avoid ‘death by a thousand cuts’.” — City Manager David Harden
Public hearings: 7 p.m. Sept. 13 and Sept. 21, City Hall.
*Tax rate may be lowered, but not raised at the September hearings.
NOTE: Percentage of property value decrease as per Palm Beach County Preliminary Tax Roll Comparison, July 1, 2010.
Comments