Palm Beach Approves New Budget and Tax Increase

Our Town  |  Tax and Finance  |  November 14, 2018

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)

 

Back to News

Civic Association  |  Our Town  |  October 3, 2023

Our Town with William Kelly: Civic Association announces programming for milestone 80th season

The Palm Beach Civic Association is celebrating its 80th anniversary season with a stellar line-up of...

See more

Civic Association  |  Our Town  |  October 2, 2023

Our Town with William Kelly: Jane Le Clainche named CFO of Palm Beach Civic Association

In January, Jane Le Clainche retired after 23 years as the highly regarded finance director for...

See more