Fiscal Year 2013 Broward County Budget Passed
September 28, 2013
Kimberly Maroe, Public Information Manager
Broward County Board of County Commissioners
Broward County Commissioners have given final approval to the fiscal year 2013 budget, which keeps the tax rate stable. The proposed millage rate, including voted debt service, is 5.553. This is the same as the current fiscal year 2012 combined millage rate. The total budget for fiscal year 2013, which includes tax supported as well as nontax supported funds, is $3.7 billion.
A flat millage rate results in $3.7 million more in property taxes compared to the current fiscal year budget. Virtually all of this revenue had to be allocated to state mandated Medicaid payments.
Taxpayers who may see an increase in the County portion of their tax bill are property owners whose taxable values have increased. An average taxable value of $121,000 would result in an increase of $28 for County services for the year.
County taxes consist of less than one-quarter of the overall tax bill, which also includes city taxes, school district taxes and special taxing districts.
The fiscal year 2013 budget takes effect on October 1, 2012.
9/28/2012 8:49 AM
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