Ocean Ridge budget update

Tentative tax rate: $5.40 per $1,000 of taxable value*
2009-10 tax rate: $5.40 per $1,000 of taxable value
Change in property value: 7.2 percent decrease
Total Budget (Operating and Capital): $5.3 million
Total proposed cuts/savings: Proposes using $73,569 from reserves
What’s at stake: Savings realized from staff health insurance policies and with police department changes, including $185,000 added annual revenue from new contract for police services in Briny Breezes. Budget also reflects boost in contract with Boynton Beach for fire services. No proposals for capital improvements.
Quote: “How can we bring sanity back to this [the municipal budget process?” Mayor Ken Kaleel
Public hearings: 5:01 p.m., Sept. 8 and Sept. 22
*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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