DATE: September 4, 2015
CONTACT: Kimberly Maroe
Public Information Manager, Broward Commission
PHONE: 954-357-8053
EMAIL: kmaroe@broward.org
BROWARD COUNTY, FL - Members of the public wishing to comment on the proposed Broward County fiscal year 2016 budget will have an opportunity to do so on Thursday, September 10th and Thursday, September 17th. Budget public hearings begin at 5:01PM and are held at the Broward Governmental Center, 115 S. Andrews Ave, Room 422 in Fort Lauderdale.
The FY 2016 recommended total budget, which includes tax supported and non-tax supported funds, is $4.1 billion. The recommended budget continues Broward County's long standing tradition of financial stability, multi-year planning and responsible stewardship. Overall, the total budget increases by $54 million due to an increase in the operating budget and decreases in the capital and debt service budgets. This represents an increase of slightly more than one percent in the total $4.1 billion budget.
Based on the Broward County Commission's direction, the proposed total millage rate will remain the same as fiscal year 2015. The proposed combined millage rate for FY16 is 5.723 per thousand dollars of taxable value. A homestead property with the "Save Our Homes" differential and an average taxable value of $128,000 will experience an estimated increase in taxes of $6.00. A non-homesteaded residential property, with an average taxable value of $153,000 will experience an estimated increase of $63.00.
It's important to note that Broward 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.
County Commissioners are expected to approve a final budget after the second budget hearing on September 17th. The fiscal year 2016 budget takes effect on October 1, 2015.
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