Broward County commissioners have passed the FY 2012 budget, keeping the tax rate the same as last year’s. Despite no increases, the budget will be lower by $7768.7 million and the combined millage rate for the county is 5.553 or $5.553 per $1,000 in taxable value. The flat millage rate means the county takes in about two percent less, or $20 million than last year for a total reduction of $257 million since 2007.
The major of taxpayers will experience either flat or reduced taxes on the Broward County portion of their tax bill. Some may see an increase, but typically only if their property value has increased or the homestead recapture rule allows for a three percent increase.
The FY2012 budget provides funding to reopen County parks full time, extend library hours and maintain public transportation and social services.
Other service enhancements include the mid-year opening of the Young at Art Museum and Children’s Library whose operations will be primarily funded by Young at Art. In addition, the Northeast Transit Center will be opening in the fall. This center will provide seamless transfers between four Broward County Transit fixed routes and two municipal community bus routes and will serve as a drop-off location for commuters. There is also a full year budget for the new Inspector General’s office, mandated by voters last year.