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Posted on October 5, 2020 at 10:04 AM by Penny Johnston
The City has finalized the budget
for the upcoming year. The City Commission approved a $33 million budget
for the new fiscal year beginning October 1, 2020. Property taxes will
remain at 5.9671 per $1,000 of taxable value, which we have maintained for six
years. In addition, the property assessed values increased by
approximately 7% over FY20. This year’s budget includes
enhancements to Martin Luther King, Jr. Park, the Palmetto Historical Park, and
replacement of patrol vehicles and utilities equipment.
The City looks forward to the
upcoming year with the completion of the Equalization Basin at the Waste Water
Treatment Plant and the start of construction of the new Police Department in 2021.
The City was successful in receiving grant funding from the Florida Department
of Economic Opportunity for the construction of the 7th Street
extension to serve the new hotel scheduled to be built along Haben Blvd.