Sunday, June 25, 2006

Palm Beach County studies slightly larger cut in property taxes

A proposal to cut property taxes by 2% has been upped to a proposal to cut by 3% bby Commissioner Mary McCarty, with residents with homestead exemptions having no change in their county tax bills. The 3% tax rate cut would offset the rise in property values, with homeowners paying $4.30 for every $1000 in assessed values instead of the current $4.45.

Public hearings on the budget are set for July with voting in September. The 2006 budget was $3.9-billion; the 2007 budget calls for a $4.3-billion spending plan.
With a 21% spike in property values, about $100-million in extra revenues was created, even after McCarty’s proposed tax rate cut. Property value growth is expected to slow in 2007 due to a softened real estate market.

The Economic Council of Palm Beach County submitted a letter saying the tax rate reductions being discussed aren’t enough, considering the county has benefited from a soaring real estate market in recent years.
A 9% property tax cut was voted on for Broward County, although new projects proposed there might eat deeply into that tax cut.

Monday, June 12, 2006


Raising more than $200,000 last year from participating organizations, the 35-year old festival is held in August, a traditionally “slow” month for sales. Organizer is the Greater Boca Raton Chamber of Commerce, who is also the promoter. The Festival’s feature event run by Wine & All That Jazz, will be held Friday, August 11th from 6-8 pm at the Boca Raton Resort & Club’s Mizner Center. August 1, the 2nd Annual Splash of Gold Fashion Show will be held at the Marriott Boca Raton at Boca Center. Proceeds benefit education. Many local restaurants will be hold activities connected to the Festival. For more information, call 561-395-4433.