Yes, in an economy that continues to find new ways to pull more dollars from our pockets comes a ray of sunshine.
Palmetto Bay, FL has proposed a lower tax rate. While Palmetto Bay is no different than other Miami-Dade cities (the village suffered a 9.7 percent drop in property values), it was able to leverage tight fiscal spending and an abatement in a yearly $1.7 million mitigation fee to Miami-Dade County into some savings for its residents.
Careful budgeting will also allow Palmetto Bay to build its Village Hall despite the economic bad times. It will also allow for four monumnet signs to be placed at the major entry points into the Village. “Our government is not bloated,” said Palmetto Bay Mayor Eugene Flinn.
The final budget meeting is scheduled for Wednesday, September 23rd at 7pm. If passed, the Village of Palmetto Bay’s millage rate will go from $2.4476 to $2.447 per $1,000 of assessed property value for the next budget year that begins Oct. 1. Although down only slightly, this is a major accomplishment in our current economic situation.