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.

Friday, June 16, 2006

20 BOCA RATON SCHOOLS RECEIVE A GRADES


Mayor Steven Abrams said, "In recruiting bio-tech companies, a great selling point is to say all our schools are A-Rated. I regularly visit city schools and regularly observe first-hand how hard our students and teachers work towards this."

20 Boca Raton public schools received A grades, one (Olympic Heights) fell one point short of an A, and none were C,D, or F. The Palm Beach County school district is the only large urban district in Florida to receive this distinction.

Grades are abased mainly on how well students perform on the Florida Comprehensive Assessment test (FCAT).