The Longboat Key Town Commission will approve the town's 2013-14 fiscal year budget and millage rate at a special meeting and public hearing at 5:01 p.m. tonight at Longboat Key Town Hall.
The commission agreed earlier this month to raise the town’s millage rate 10%, up from 1.8872 mills to 2.0760 mills.
One mill is equal to $1 for every 1,0000 of assessed valuation. For a Longboat Key taxpayer with a $500,000 home, the increase amounts to $94.20.
It will be the first time the commission raises the property tax rate since September 2010, when the commission raised the tax rate from 1.5 mills to 1.8872 mills.
Commissioners agreed to raise the rate after Town Manager Dave Bullock explained that rising pension costs call for an increase either this year or the following year.
The budget covers all town expenditures for the year and also generates an additional $210,000 for the town’s General Fund.
The new fiscal year begins Oct. 1.
Contact Robin Hartill at firstname.lastname@example.org.
Currently 0 Responses
10 Sarasota Singles Society Salutes the Sunset!
6:00 pm - 9:00 pm
12 Dog Days of Summer Adoption Event
11:00 am - 3:00 pm
17 L'Europe UnCorked!
6:00 pm - 7:30 pm
18 Jewels on the Bay Showhouse
10:00 am - 4:00 pm
Mote-tagged shark swims toward Sarasota
A 14-foot, 2,300-pound great white shark is currently heading eastbound toward Sarasota.
Police get a wheel deal from anonymous citizen
An anonymous citizen recently contacted the town with an offer to buy the Longboat Key Police Department a new bicycle.
Surprise daytime turtle encounter
On his evening beach walk, Longboat Key resident Mike Haycock was in for a big surprise when he spotted a sea turtle coming out of the water Sunday.