Local governments are looking to keep tax rates flat. Flagler Beach’s valuations increased 5.3 percent, Palm Coast’s by 5.8 percent, Bunnell’s by nearly 10 percent and the school board’s by 4.7 percent.
State revenue was off $878.1 million in April from an earlier estimate as tourism and hospitality-related industries, along with car sales, were grounded by the coronavirus, according to economists.
The IRS has had trouble getting money to people quickly because millions of Americans pay for their tax preparation through a baroque system of middlemen.
Wealthy donors Wayne Huizenga Jr. and Jeff Vinik lobbied then-Gov. Rick Scott for the lucrative tax break for the Rybovich superyacht marina in West Palm Beach — and won it. Poorer communities lost out.
Palm Coast’s 2020 tax rate and the size of its budget drew some protesters at a hearing Wednesday, but many residents addressing the council were misinformed or mis-characterized the numbers.
The 2019 back-to-school sales tax suspension, or holiday, began at a minute after midnight today (Aug. 2) and runs through Tuesday, Aug. 6. The Flagler County district’s annual Back to School Jam is on Saturday at Flagler Palm Coast High School, from 10 a.m. to 1 p.m.
Though Palm Coast government is proposing to keep its property tax rate flat, a valuation increase of 9 percent will equate to a tax increase, though homesteaded property owners won’t feel it.
Property values are a driver of local government budgets. Generally, as values increase, local property tax revenue rises, assuming governments don’t proportionately reduce their tax rates.
Gov. DeSantis praised lawmakers for exceeding his request for spending on environmental projects and for a boost in per-student funding in public schools, though as FlaglerLive previously reported, that funding increase is not necessarily what it seems.
Palm Coast’s Town Center is finally stirring with sustained development after a decade and a half’s slumber, with generous financial breaks and changes in regulations attracting developers.