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West Palm Beach proposes $203.8 million FY2022 budget; millage rate held at 8.3465
Summary
City staff presented a $203,750,869 proposed general-fund budget for fiscal 2022, noting higher property values and pandemic-driven revenue losses; the commission has kept the millage rate at 8.3465 and the proposal is scheduled for adoption hearings Sept. 8 and Sept. 23.
Presenter José Tayley outlined the City of West Palm Beach’s proposed fiscal year 2022 budget on a slide presentation that emphasized higher property valuations, pandemic-related revenue declines in some departments and proposed increases in personnel and operating costs.
The proposed general-fund budget totals $203,750,869. Tayley said property values in the city have risen over the past five years — from about $11.9 billion to about $15.6 billion — generating an estimated increase of roughly $900 million in assessed value and raising property-tax revenue from about $72 million five years ago to an expected $95 million for the coming year. The city’s millage rate remains unchanged at 8.3465, a level Tayley said the City Commission decided to maintain for this budget cycle.
Tayley told the presentation that the city must present a balanced budget “por ley” (by law). He added that the pandemic reduced revenues in parks, recreation and permit-related activity over the past 18 months, and staff is assuming a…
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