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Pensacola Residents Could See Tax Cut
July 13, 2011
Pensacola residents may see a decrease on their property tax bills.
Tuesday, Mayor Ashton Hayward announced plans to cut property tax rates by 5.5 percent — a quarter of a millage point. He said the move will still allow the city to operate with a balanced budget while cutting $973,300 from the upcoming budget year.
“Governments around the world are teetering on the edge of bankruptcy, because they’ve let spending get out of control. I want to make sure that we continue to be fiscally responsible here at City Hall, and we have to make tough choices like every family and business has to make,” Hayward said. “Rolling back property tax rates will give our taxpayers a bit of a break in this tough economy, and it will force us at City Hall to do more with less, which was my pledge to the voters.”
Each year, the mayor submits the tentative millage rate for property taxes in the City of Pensacola and the Downtown Improvement District. Those millage rates are formally approved by the Pensacola City Council during the budget process. Under Florida law, each taxing authority must submit a tentative ad valorem tax millage rate to the tax appraiser and tax collector. These rates must also be publicly advertised, and the public forums for the millage rates will be held in September, prior to the October 1 beginning of the city’s fiscal year.
Comments
3 Responses to “Pensacola Residents Could See Tax Cut”
I Love it! Let me save my own money! Less government is better.
Well pretty boy isn’t that smart. Besides how many more jobs can he eliminate if he cuts the budget more!! Again how will beautify HIS City with trees and beautiful flowers without the income.
I’d say keep taxes as they are and run a surplus. Then in the future, we’ll have a city “nest egg.” During times of prosperity government should save money. During tough times, they should spend more than they receive in revenue (from previous surpluses). It works for China, and the oil-rich countries which have sovereign wealth funds. Nest Eggs are good for a rainy day.