Dunedin manager proposes property tax hike
Dunedin residents would see their first property tax rate increase in a decade under City Manager Rob DiSpirito's preliminary 2014 budget proposal.
In an eight-page memo to city commissioners, DiSpirito explained that the measure is among several aimed at offsetting an anticipated $1.3 million revenue shortfall in the general fund next year.
Raising the city property tax rate by 12 percent to $3.73 per $1,000 of taxable assessed value, DiSpirito said, would generate $595,000 a year for city coffers and provide "a sustainable income stream for core city services" beyond 2014.
DiSpirito described the hike as "fairly modest" for Pinellas County, where the average property tax rate is $4.40 per $1,000 of taxable assessed value.
The alternative, he said, would be for commissioners to identify up to a half-million dollars in cuts to public services or to pull a "one-time" chunk from reserves, which would drag the city below its reserve minimum set by policy.
City commissioners will begin slogging through the recommendations Monday, during the first in a series of workshops and public hearings ahead of the Oct. 1 start of the next budget year.