Palm Coast City Council members Tuesday evening agreed to suggest budget cuts ahead of Thursday’s budget hearings in hopes of possibly lowering the proposed 15 percent property tax increase, after hearing from about 30 residents who complained about their taxes. The council did so after some of its members again degraded into an ugly screaming match.
Taxes
Flagler Beach Commission Set to Approve Budget With 13% Tax Increase
The Flagler Beach City Commission is set to vote next week on a proposed budget that would raise the city’s property tax rate slightly and equate to a 13 percent tax increase for non-homesteaded property owners like businesses and renters.
Florida Tax Collection Is $3.85 Billion Higher Than Forecast for Year
With inflation pushing up prices of taxable items, Florida’s general revenue substantially topped expectations in June and in the recently completed state fiscal year. General-revenue collections in June were $978.7 million, or 27.6 percent, higher than projected.
Study: Flagler’s Beaches Are Eroding Critically, and Will Cost County Alone $5 to $13 Million a Year to Slow
The most comprehensive study to date about Flagler County’s beaches paints a stark picture of the consequences of climate change and sea level rise, accelerating erosion, potentially crushing costs to local taxpayers to slow down the erosion with beach renourishment, and few sources of funding to do so.
Palm Coast Taxes Would Rise About 14% To Pay for 7% Budget Increase, Including 5 More Deputies
In its first comprehensive recommendation to the Palm Coast City Council for the coming year’s budget, the city administration is proposing a 7 percent budget increase that includes money for five new sheriff’s deputies, two new firefighters and a fire inspector, and nine additional administrative positions. But it would require a tax increase.
Taxable Values Surge at Highest Pace in 16 Years, Setting Up Windfall for Government
Taxable values in Flagler County rose 18 percent in 2021, higher than initially estimated two months ago. Values rose nearly 20 percent in Palm Coast, 14.5 percent in Flagler Beach and 22 percent in Bunnell. The school board’s taxable values increased by 25 percent. For local governments, the surging values can translate to surging revenue–if the governments do not hold the line on tax rates.
School District’s Half-Penny Sales Surtax Renewal, for Tech and Safety, Will Be on the November Ballot
The Flagler County Commission Monday evening approved on a 4-0 vote placing a referendum on the Nov. 8 ballot to renew for the third time the school district’s half-penny sales surtax. The vote was not a surprise, though it reflects a shift from Commissioner Joe Mullins, who earlier this month was signaling opposition to the tax.
DeSantis Signs Disney-Punishing Bill, Would Shift Nearly $1 Billion in Debt to Taxpayers
If the special taxing district is dissolved, Disney’s nearly $1 billion debt obligations, revenues and responsibilities would be transferred to Osceola and Orange counties’ taxpayers and those of the small cities of Lake Buena Vista and Bay Lake.
Court Says City-Owned Golf Course Managed By a Private Company Can Be Required to Pay Property Taxes
The court decision could potentially have ramifications in Flagler Beach, where the city owns Ocean Palms Golf Club, a nine-hole golf course, but has been leasing it to a private company since 2015, tax-free. The decision this week suggests local property appraisers may legally deny a local government’s exemption for such privately run amenities.
Taxpayers: Expect Serious Delays from IRS This Year
Over 15 million returns and 5 million pieces of taxpayer correspondence from 2021 sit untouched – including 6 million original 1040s. Amended 2021 returns are taking more than 20 weeks to process. It’s not just complicated returns that are getting delayed. Even simple individual returns are caught in the backlog.