On September 23rd, Broward County Commissioners gave final approval to the fiscal year 2015 budget. The total budget, which includes tax supported and non-tax supported funds, is $4.1 billion. The combined millage rate for FY15 is $5.723 per thousand dollars of taxable value and remains the same as in fiscal year 2014. The recommended budget continues Broward County’s long standing tradition of financial stability, multi-year planning and responsible stewardship.
The fiscal year 2015 budget funds a variety of county programs and services such as transportation, parks and recreation, libraries, elderly and veterans services and a variety of human services. Nearly half of the property tax supported General Fund is allocated to the Constitutional Offices, primarily the Broward County Sheriff’s Office, Property Appraiser and Supervisor of Elections.
Homestead properties with “Save Our Homes” differential and an average taxable value of $127,000 will see an estimated increase in taxes of $17. Other residential properties, primarily non-homesteaded properties, with an average taxable value of $142,000 will experience an estimated increase of $58. Broward County taxes consist of less than one-quarter of the overall tax bill, which also includes city taxes, school district taxes and special taxing districts.
The fiscal year 2015 budget takes effect on October 1, 2014.
I welcome your comments and want to hear which issues are important to you. Send an email to me at Bsharief@broward.org or call my office at 954-357-7008. Also, check out the Barbara Sharief Facebook page at Facebook.com/barbara.sharief or follow Barbara Sharief at Twitter.com/bestmom39.