By Bryan Boggiano
At what was possibly the city’s most crowded budget hearing in history, arguably because of the Heron Bay golf course vote, the city commission unanimously approved keeping the millage rate the same and adopted the Fiscal Year 2023 Budget.
The city commission voted on both items on Wednesday, Sept. 21, which was the second budget hearing.
The millage rate will remain the same, at 4.2979 mils.
Despite this, residents can still expect property taxes to increase since property values have increased.
The total taxable values for commercial and residential properties increased by over $558 million to a new total of $6.6 billion. About three-fourths of this is attributable to revenue growth from residential properties.
This will increase local taxes by roughly $2.3 million, increasing the total revenue to $27,143,289.
For most property owners, the increase in taxes will increase at most three percent. That is because roughly 83 percent of the homes in the city have homestead exemptions.
But, businesses and residents can still expect certain rate increases.
The residential fire assessment will increase from $250 to $290, while the solid waste assessment will go up from $402.96 to $417.
For Parkland, the city’s general budget is at $75,499,709 million for all funds and $48,960,000 for the general fund.
The capital improvement projects fund, the second-largest major fund, has a budget of $13,620,475.
The city plans to use these funds for designing a new 36-acre park and for upgrades at Pine Trails Park, Terramar Park, and the roadways in The Ranches.
Commissioner Simeon Brier made the motion to approve keeping the millage rate the same. Commission Jordan Isrow seconded. The motion passed unanimously.
Vice Mayor Ken Cutler motioned to approve the 2023 budget. Commissioner Bob Mayersohn seconded. It passed unanimously.
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Author Profile
- A University of Florida journalism graduate, Bryan plans to pursue geosciences at Florida International University for his master's. He has a strong interest in weather, entertainment, and journalism.
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