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Posted on: September 26, 2019

City Council Approves 2019-2020 Final Budget with No Increase to Tax Rate

Property Tax Rate Comparison 2020. 3.68. Boca Raton has one of the lowest property tax rates for a f

The Boca Raton City Council approved the 2019-2020 budget at its final Budget Hearing on September 23, 2019. The total operating budget is $526.3 million, and the millage rate will stay the same as last year: 3.68. Boca Raton continues to have one of the lowest property tax rates for a full-service city in the State of Florida.

Although the millage rate will remain the same, some homeowners may see an increase in property taxes because the average assessed home value has increased by 4.94%. The new millage rate and budget go into effect October 1, 2019.

For FY 2019-2020, 8% of the property tax revenues will be allocated to the Capital Improvement Program, which is the City’s plan for infrastructure improvements and equipment acquisitions over the next six years.

Highlights of the 2019-2020 budget include:

  • 6.8 million for Wildflower /Silver Palm Park
  • 5.4 for Lake Wyman Rutherford Park
  • 4 million in pavement/roadway resurfacing
  • 3.2 million Sandpine Park
  • 3 million for traffic improvements and signal mast arm upgrades
  • 2.8 million in drainage improvements
  • 1.9 million for garbage and recycling vehicles
  • 1.3 million for sidewalk repair programs

Maintaining a balanced budget, planning for the long-term impacts of growth and preparing for a financial downturn, are the fundamentals that keep Boca Raton a Financially Sound City.

The approved budget supports the goals and priorities of the City Council and maintains the City’s outstanding service levels and AAA bond rating. The goals and priorities for FY 2019-2020 are:

Goals:

  • Financially Sound City
  • World Class Municipal Services
  • Strong partnership with the Community
  • Vibrant and Sustainable City 

Priorities:

  • Innovation technology business hub
  • Financial plan to address long-term impacts of growth
  • Preparation for next financial downturn
  • Government Campus Master Plan
  • City services and staffing
  • Public school's safety infrastructure
  • Public school's strategy advocacy and actions
  • Partnership with Greater Boca Raton Beach & Park District
  • Florida Atlantic University: Town & Gown
  • Partnerships with other local institutions
  • Comprehensive traffic and connectivity planning
  • Explore Midtown Planning opportunities
  • Revisions to Land Development Code
  • Downtown Design Guidelines /IDG/Pattern Book/4035
  • Sustainability Action Plan

 The Final Budget Hearing presentation and discussion can be viewed on the City’s website. Budget details can be found in the Proposed Budget and the Proposed Capital Improvements Program (CIP). The final budget documents that include approved changes from the final budget hearing are being prepared and will be available to the public. 

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