2009-10 tax rate: $2.87 per $1,000 of taxable value
Change in property value: 5.8 percent decrease
Total Budget (Operating and Capital): $2.6 million
Total proposed cuts/savings: More revenue sharing dollars, received early notice of insurance rebate.
What’s at stake: Slightly reduced spending overall without cutting services. Not using reserves to balance budget.
Quote: “We’ve had the same millage rate three years now. You can only do that so long.” — Town Manager William H. Thrasher.
Public hearings: 5:01 p.m. Sept. 10 and Sept. 21, Town 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.
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