Highland Beach commissioners last month gave final approval to a $28 million budget for fiscal year 2025 that includes leaving the town’s tax rate the same as in the previous tax year.
The overall budget, which includes a general fund budget and separate building fund, as well as water and sewer fund budgets, shows a reduction of about $5 million, down from $33 million in the previous tax year’s budget.
The reduction comes, in large part, because the town no longer must account for construction and startup costs associated with its new Fire Rescue Department, which became operational in May.
The town will maintain a total tax rate of $3.58 per $1,000 of taxable value, including operating and debt service funds, which is the same rate as in the previous two years. The new fiscal year started Oct. 1.
“We are keeping our low tax structure and still getting capital projects done while replenishing reserves,” Town Manager Marshall Labadie said.
— Rich Pollack
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