The Palm Beach County Fiscal Year 2017 Budget was adopted by the Board of County Commissioners at a public hearing on September 19, 2016.  The $4.3 billion budget is up 7% or approximately $287 million from last year and is based on the countywide operating millage rate of $4.78 per $1,000 of taxable value, which has remained stable for six straight years.  The increase in revenue is due to an uptick in property values.  The debt service rate is $0.13 which is down from the rate last year, due to issuances reaching maturity and decreases in other costs.  The county’s tax rate does not include taxes indicated on your bill from municipal governments or those levied by independent taxing districts such as the school district, water control districts, and others.

A major impact to the budget is the expenses related to the New Stadium Construction budget.  These are offset by spending down other general government capital projects, including a decrease for the Convention Center Parking Garage.

The approved operating budget will support adequate staffing and keep our services at the superior level the public expects. Additionally, County departments have worked hard to maintain levels of service through implementation of efficiencies and privatization efforts.  We know that the public values county services, whether it’s access to parks and athletic fields, or driving on smooth roads with safe traffic and pedestrian features.

Also, the County is increasing undesignated reserves to a level of 8% of the total general fund balance, which complies with the County’s fiscal policies and is beneficial in maintaining our AAA bond rating.  The reserves provide available funding in a financial emergency and demonstrate a government’s fiscal strength.

The largest portion of the county’s budget is spent on public safety, including nearly $600 million allocated to the Sheriff.  New ad valorem funded capital projects for FY 2017 totaling $34.5 million include repair and renovation of county buildings, information technology system replacement and enhancements, parks and recreation facilities, roadway improvements, environmental restoration, community revitalization projects, and for the funding of repair and renovation capital reserves.  Additionally, Airports and Water Utilities capital projects are ongoing, as are projects funded by bond issues and impact fees.

As always, if there is any way that I or my staff can assist you, please do not hesitate to contact me at (561) 355-2201 or by email at hvaleche@pbcgov.org.