In a recent government meeting, officials presented the proposed budget for fiscal year 2025, highlighting a total increase of $16.3 million, or 6.4%, compared to the previous year's amended budget. The general fund, which is the primary operating fund, saw a notable increase of $12.6 million, or 9.4%, bringing its total to approximately $146 million.

Key revenue sources contributing to this increase include ad valorem revenues, which account for about 54% of the general fund, totaling $78 million—an increase of $6.6 million, or 9.3%. This rise is attributed to higher property values and new construction added to the tax roll. Additionally, charges for services are expected to increase by $3 million, largely due to solid waste and recycling fees, as well as ambulance fees.

The intergovernmental revenue category also saw a significant boost, increasing by $2.8 million, or 24.4%, primarily driven by sales tax revenue amid high inflation. However, the budget also reflects decreases in capital project funds, which dropped by $1.5 million, or 35%, and debt service funds, which decreased by $1.7 million, or 28.7%.

The proposed millage rate remains unchanged at 5.8 mills, a rate that has not changed since fiscal year 2019. Despite no increase in the millage rate, residents will see a slight rise in property taxes due to increased property values. For example, a homeowner in the Lauderdale West neighborhood, whose property taxes were $288.90 last year, will see an increase to approximately $306.24, reflecting an annual rise of $17.34.

The meeting also clarified the distribution of property tax revenues, with 35% allocated to the Broward County School Board, 28.7% to the City of Plantation, and the remainder to various local districts. As the budget discussions continue, officials will delve deeper into the specifics of fund increases and decreases, aiming to provide transparency and clarity to residents regarding the financial outlook for the upcoming fiscal year.