Boca Raton Property Tax Rate to Remain Stable in 2024-25 Despite Spending Increase
Boca Raton Property Tax Rate to Remain Stable in 2024-25 Despite Spending Increase
The growth of Boca Raton’s ratable base will fund increased spending in the next fiscal year, city officials said during a hearing on the introduction of the municipal spending plan for 2024-25, resulting in a stable property tax rate for the coming year. The annual operating budget was introduced during a short public hearing last Tuesday evening at City Hall. While the overall budget increases, the city is managing to avoid a tax increase by leveraging the substantial growth in property values within...