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The North Palm Beach Village Council on Monday evening set the budget and property tax rate for fiscal year 2018/2019, which began Oct. 1 and runs through Sept. 30, 2019.
The Council voted 4-1, with Vice Mayor Mark Mullinix voting “No,” to set the budget at $27,858,058. That’s how much money the Village will have to work with for the next year.
The Council also voted 4-1, with Vice Mayor Mark Mullinix voting “No,” to set a new property tax rate of $7.50 for every $1,000 in assessed value. The previous tax rate was $7.33.
The Council has been working for several weeks to review details of the Village budget department by department, and setting priorities for Village staff. At Monday’s meeting, Village Manager Andy Lukasik began by explaining the major expenses the Village expects to incur in the next year, and showed the sources of income and expenditures of the Village.
Budget highlights he mentioned that are contributing to costs, but are important to the success of the Village include:
Mr. Lukasik also talked about the construction of the new Village Clubhouse and the ongoing upgrade of the golf course. The new budget includes $2,880,256 for the operation of the Country Club.
Addressing the new $7.50 millage rate’s impact on the typical North Palm Beach residential taxpayer, Mr. Lukasik said the increase would add about $59.50 to their annual tax bill. He said the average tax increase per commercial property is $151.43.
A brief overview of the 2018/2019 budget is now posted online. The more comprehensive Adopted Annual Budget will be published in a few weeks once it is finalized with the new numbers.
For more information, contact:Ed CunninghamCommunications ManagerVillage of North Palm Beach(561) 904-2138