- November 28, 2024
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Palm Coast’s City Council reviewed the city’s proposed $357 million 2024 fiscal year budget in a workshop on Aug. 29. The workshop was the final one scheduled before the council adopts the budget during two meetings on Sept. 7 and Sept. 20.
The General Fund will make up $55.8 million of the total budget, with $35.2 million of the city’s revenue coming from ad valorem taxes.
The City Council had voted 3-2 on July 18 to adopt a rolled-back millage rate of 4.2570 — or $4.2570 per $1,000 in taxable property value — as the city’s maximum millage rate, with council members Ed Danko and Cathy Heighter dissenting.
Even using the rolled-back millage rate, the city’s ad valorem revenue will be $2 million higher than in 2023 at the 4.6100 rate, because of increasing property values.
The city has budgeted for 13 additional General Fund employees: six for the Palm Coast Fire Department, five for Public Works, one for Parks and Recreation and on for the city manager’s office.
The city’s Water and Wastewater Capital Projects Fund is the largest section of the budget, totaling $70 million. The city is budgeting $7.6 million for its Streets Improvement Fund for fiscal year 2024, a $780,000 decrease from the 2023 budget.
