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Boca Raton council adopts 2026 downtown special assessment with lower rate
Summary
The Boca Raton City Council unanimously adopted Resolution 1 29 20 25 on Sept. 8 to equalize and adopt the 2026 Downtown Special Assessment. The rate was set at 0.001, a roughly 5.5% reduction from 2025, and the council heard no public objections.
The Boca Raton City Council on Sept. 8 unanimously adopted Resolution 1 29 20 25 to equalize and adopt the 2026 Downtown Special Assessment, setting the assessment rate at 0.001 for properties within the Downtown Special Assessment District.
The special assessment funds debt service and administrative costs for the city's downtown special assessment revenue bonds and is charged only to properties the city determined receive a special benefit from downtown infrastructure improvements, Special Projects Manager Steven Timberlake told the council. "The assessment rate for 2026 is 0.001, a reduction of a little over 5 and a half percent from 2025," Timberlake said, attributing the decline to…
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