Your Property Taxes Explained

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Your Property Taxes Explained
September 28, 2007
Linda C. Davidson Deputy Financial Services
Director City of Boca Raton
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Goals of theCity of Boca Raton

• Financially Sound City Government
• Top Quality Municipal Services
• Strong Partnership with our Stakeholders

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City of Boca RatonPolicy Agenda Priorities
forFY 2007-08

• Top Priority
• Workforce Housing Policy Direction Strategy
• Downtown Vision and Spine Direction
• FAU Strategy
• FAU / Boca Raton Community Hospital Project

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City of Boca RatonPolicy Agenda Priorities
forFY 2007-08

• High Priority
• Light Industrial Research Park Interim Guidelines
• Florida Atlantic University/I-95 Interchange
• Retirement / Pension Cost Containment Strategy
• Wildflower Property Direction Actions

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Goals of theCity of Boca Raton

• Financially Sound City Government
• AAA rated City by rating agencies
• Adequate Reserves
• Demonstrated leadership of elected officials and
  management team

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Your Property Tax Bill by Taxing Authority

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City of Boca RatonProposed Budget FY 2007/08

• City of Boca Raton tax rate is proposed to
  decrease 7.88
• Expenses were reduced by 7,763,000
• Overall operating budget decreased by 653,500

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Tax Bill 350,000
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Boca Raton Facts

• Total Budget 478,953,000
• Employees Full Time Equivalent 1,647
• Population 85,488
• No. of Dwelling Units 43,266
• Assessed Value 20.368 billion
• Bond Rating AAA

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Boca Raton Facts

• Land Area 28 sq. miles
• No. of Parks 29
• Acres of Parks 908
• No. of Police Officers 204
• No. of Firefighters 207
• No. of Fire Stations 8

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Boca Raton Facts

• No. of Police calls per year 56,089
• No. of Fire calls per year 16,141
• No. of users of Parks 3,800,000
• Cost to operate Police Fire 69.5m
• Total Property Taxes collected 64m
• Avg No. of people in City daily 350,000

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Boca Raton Historical Tax Rates
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Boca Raton compared to other cities
2007 Operating Rates
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City of Boca RatonProposed Budget FY 2007/08

• WHAT DOES THE FUTURE HOLD?
• Super Exemption Amendment
• Flat or Declining Property Values
• Revenues
• Expenses

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Boca Raton Water and Sewer Rates
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City of Boca Raton
General Fund Proposed Budget for 2008
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City of Boca Raton
Proposed Budget for 2008 Personnel Changes
Elimination of 72 full-time positions - 48 vacant
positions, 24 currently filled positions The
eliminated positions are summarized below

• City Managers Office 2 Positions
• Development Services 4 Positions
• Police Services 6 Positions
• Fire-Rescue Services 2 Positions
• Municipal Services 9 Positions
• Recreation Services 31.7 Positions
• Beautification - .5 Position
• Beach Park District 10.8 Positions
• Utility Services 5 Positions
• Information Technology 1 Position

In addition, the proposed budget includes the
elimination of 70 part-time positions. This
includes 49 vacant positions and 21 positions
that are currently filled.
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City of Boca Raton
Proposed Budget for 2008 Program
Changes Programs Proposed to be Eliminated

• City Hall Annex at Town Center Mall
• Live from Downtown Concert Series
• Sunset Music Series
• Halloween Happenings
• Holiday Boat Parade Funding
• Green Market
• Smart Choices in Schools
• Grants Writing Consultant
• PAL (Police Athletic League) Funding
• BRET (Boca Raton Educational Television) Funding

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City of Boca Raton
Proposed Budget for 2008 Program
Changes Programs Proposed to be Scaled Back

• Fourth of July
• Tree Lighting
• Holiday Parade
• Allianz Golf Tournament
• Festival of the Arts BOCA
• Funding for Not-forProfits

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Prepared by the Office of Management
Budget Proposed Budget Documents are available
for inquiry on the Citys website
at www.ci.boca-raton.fl.us