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Century Approves Lower Budget, Higher Property Tax Revenue
September 18, 2018
The Century Town Council gave approval Monday night to a $3.43 million budget for the next fiscal year and a property tax higher than the rollback rate.
The budget is $1.17 million lower than the town’s previous year budget.
The council also approved a millage rate of .9204, which a 7.3 percent increase over the rollback rate of 0.8578. The rollback rate is the tax rate that would generate the same amount of property tax revenue as approved for the prior year.
The new budget year begins October 1.
Pictured: The Century Town Council Monday night. NorthEscambia.com photo, click to enlarge.
Comments
14 Responses to “Century Approves Lower Budget, Higher Property Tax Revenue”
Sounds like to Me the good people of Century need to do some house cleaning
Evidently, I stand corrected by William. Lemme read that again since it’s clear as mud….
>>>. The St. Attorney is breathing down your neck and you knowingly break your Charter, again?!
Did Century’s Property Tax Increase Violate The Town Charter?
http://www.northescambia.com/2018/09/did-centurys-property-tax-increase-violate-the-town-charter
I see a Council with no other options waving the white flag. The St. Attorney is breathing down your neck and you knowingly break your Charter, again?! Years and years of financial abuse takes a toll. It can’t be rectified in one year’s budget.
Sorry for typo. I am referring to the general fund. No money to pay salaries.
Here you go @grandlocust…….
If they reduced next year’s budget they are on the right track, good job!
Now…the property tax rate was increased so that they would get the same amount of dollars as last year so I don’t believe any body would pay that much more if any unless they did some mad renovations to their property recently. Remember due to the tornado 2 years ago property values went down . …they’re just making up for it. So technically you shouldn’t pay more than you did 2 years ago. But…will they change the rate when property values go up???
The Town of Century has presented to State of Florida balance budgets every year.
This is another example of making up numbers on paper. The Town had losses
from 2012 to 2016 of over $1.800,000. According to last audit available the town had $383,000 and owe $5,311,000 to its other funds. In 2012 the special revenue fund had $1,273,000 and was owed $2,230,000. In 2016 special revenue fund had $674,000 and was owed $3,927,000. And now for 2017 and part of 2018 and according to the accountant has only $122,000. It looks like the special revenue has
about dried up. Where is the general fund going to get its help from? Not the gas fund, Water fund? One day soon the Mayor will call all the employees in and tell them that there is no salaries.
“assume that the town’s choices are bad” I don’t have to assume, I just read NE.com.
I think I will throw a flag for piling on…….these folks have reduced the budget and attempted to right the ship. How about giving them a chance as some of these negative comments assume that the town’s choices are bad. It sounded like a much needed correction to me, and people should be commended when trying to be more efficient in delivery of governmental services. The problems took years to develop and the solutions will take years to fix, but constantly calling these people stupid is unjustified where this seems to be a common sense step in addressing problems. Public service should not be an excuse for people to treat folks like doormats.
can I borrow $200 to fix my AC I will pay it back when I get my check.
they have to collect for the loans they want to give out! Next they will all get large pay raises.
What do you get for $3.43 Million? A dysfunctional town government with an appetite for out of control spending. LOL; I appears that Century is now going to tax itself out of the deep financial hole with taxes being levied on property that worth less than the taxes. By the way, what was funded with $1.17 Million this year that the town doesn’t actually need in the next? Hmmm, if this isn’t evidence of out of control spending then what is?
A smaller budget and higher taxes. In the end the over taxed people pay more for the same or less services from the city. The more things change the more they stay the same.
For those who demand balanced budget-this is how government usually does it…raise taxes.