City Commission Votes Not To Increase Millage Rate In West Park

On September 20, 2017, the City Commission adopted the FY 2017-18 budget. The adopted budget provides a financial outline and basis for the upcoming year’s activities. The strategies used to develop the budget embrace the City’s core principles, which are rooted in the continuous engagement of our residents.

This year, the City experienced the highest net percentage change in taxable value in Broward County of 11.28%, with the estimated taxable value of $488,142,526.00.

For the past seven years, revenue from grants has played a role in funding infrastructure projects and service programs. This year, grants will play a major role in the budget, with projected funding of $2,909,605.00 (or approximately 17.1% of the City’s total revenue).

City Commission Votes Not To Increase Millage Rate In West Park

 

 

 

 

 

City Commission Votes Not To Increase Millage Rate In West Park

 

 

 

 

 

 

For the past seven years, revenue from grants has played a role in funding infrastructure projects and service programs. This year, grants will play a major role in the budget, with projected funding of $2,909,605.00 (or approximately 17.1% of the City’s total revenue).

City Commission Votes Not To Increase Millage Rate In West Park

 

 

 

 

 

 

City Commission Votes Not To Increase Millage Rate In West Park

 

 

 

 

 

 

As such, the City Commission voted not to increase the millage rate and kept the same millage of 8.65 as last year. To that end, the Fiscal Year 2017-2018 Budget is $16,846,313.00. The adopted budget is balanced and sufficient to meet this year’s operating goals and I am confident that that the City’s financial resources are being maximized.

Where Do Your Property Taxes Go?

Where Do Your Property Taxes Go?

 

 

 

 

 

 

 

 

 

 

 

 

HISTORY OF AD VALOREM REVENUE

City Commission Votes Not To Increase Millage Rate In West Park

 

 

 

 

 

City Commission Votes Not To Increase Millage Rate In West Park

 

 

 

 


Connect To Your Customers & Grow Your Business

Click Here

Print Friendly

Be the first to comment on "City Commission Votes Not To Increase Millage Rate In West Park"

Leave a comment

Your email address will not be published.


*