TARPON SPRINGS — Property owners can expect the city's tax rate to stay the same for the fifth consecutive year.
Taxpayers would owe $5.45 for every $1,000 of assessed, taxable value. But many would see larger bills next year because property values in the city in general are rising. Tarpon's increased tax revenue will go toward operating expenses and will also help reduce the city's reliance on reserves, said City Manager Mark LeCouris.
The proposed budget of $59.6 million is a slight decrease from this year's. But the $1.5 million slated for capital spending marks a 28.4 percent increase for that fund, which Tarpon would use to address construction projects put off for years because of the recession. The money to do so came from selling the nursing home property on S Walton Avenue to a developer in April, LeCouris said.
The city is considering raising wages by an average of 2.75 percent for its nearly 300 employees.
The City Commission will vote on the budget on Sept. 24, after two public hearings. The first day of the new fiscal year is Oct. 1.
Contact Julie Kliegman at [email protected] or (727) 445-4159. Follow @jmkliegman.