City adopts budget, higher taxBy JENNIFER FARRELL, Times Staff Writer
© St. Petersburg Times
published September 21, 2002
CLEARWATER -- City commissioners on Thursday approved a $323-million spending plan for next year.
The budget for the 2002-2003 fiscal year, which begins Oct. 1, raises the city's property tax rate by 4.5 percent, the first such increase in three years.
Under the new tax rate of $5.75 for every $1,000 of taxable property value, the owner of a home valued at the city average of $91,740, with a $25,000 homestead exemption, would pay about $384 in city taxes, up $16.68 from the current rate.
The biggest chunk of the budget is the city's $93-million general fund, which receives property taxes and other revenues and pays for nuts-and-bolts city operations such as libraries and police patrols. About half of the general fund goes to the city's Police and Fire departments.
The general fund's expenses are nearly 6 percent higher this year, a jump attributed largely to staffing new city facilities and paying for wage and insurance increases.
© 2006 • All Rights Reserved • Tampa Bay Times
490 First Avenue South St. Petersburg, FL 33701 727-893-8111
From the Times
North Pinellas desks