Search

Search
Palm Beach Civic Association 81st season logo

Protecting the quality of life since 1944.

Town of Palm Beach Town Hall

Palm Beach Approves New Budget and Tax Increase

The Town Council approved an $82.4 million budget and a 5 percent property tax hike for the budget year that began Oct. 1.

Tuesday’s public hearing was the second at which the council unanimously gave “final” approval to the 2018-19 budget and tax rate.

The budget is nearly 2.5 percent larger than the previous year’s $80.5 million budget. The new spending plan calls for a leaner workforce and cuts in spending cuts throughout all departments. Much of the increase is going into the town’s retirement fund to drive down long-term pension costs.

The new tax rate is $3.13 per $1,000 of taxable value — less than last year’s $3.20 per $1,000. But it represents a 5.3 percent tax increase because property values have climbed.

See More (Town Budget Details)

 

Explore:

Search
Search

Explore:

Categories: