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Politics

Let your voice be heard on tax plan

Care how the Largo City Commission spends your tax dollars? On Tuesday, commissioners will take your comments at a public hearing on the city's proposed budget for 2007 and planned budget for 2008.

By LORRI HELFAND
Published September 4, 2006


IF YOU GO

The Largo City Commission meeting will be held at 6 p.m. Tuesday at City Hall, 201 Highland Ave. A vote to adopt a final 2007 budget is scheduled for Sept. 21.

TAX RATE

For both years, the tax rate would remain the same as the current rate - $4.28 in city property taxes for every $1,000 of assessed, taxable home value.

Under that rate, an owner of a home assessed at $150,000 with a $25,000 homestead exemption would pay about $535 in city taxes. That bill doesn't include taxes levied by the School Board, County Commission or other local governments.

KEY PROJECTS

- $2.3-million for renovations to the former library in 2007.

- $3.3-million for an update on the Highland Master plan and preliminary reconstruction of the facility.

- $1.86-million for Southwest Complex Building renovations in 2008.

SIZE OF BUDGET

- $126.9-million in 2007 and $129.9-million in 2008. The proposed 2007 budget reflects a 1.9 percent increase over the 2006 budget.

PROJECTED PROPERTY TAX REVENUE

- $18.2-million in 2007 and $19.4-million in 2008

 

 

[Last modified September 4, 2006, 06:44:47]


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