TALLAHASSEE, Fla. — Tallahassee city commissioners got their first look at a proposed 2020 fiscal year budget on Wednesday.
The city is projecting an increase in revenue which in turn will help improve pubic safety and infrastructure.
2020 will be another year of continued improvement for the city of Tallahassee. The preliminary budget includes carefully considered investments and a property-tax increase, but no rate hike.
The city's general property tax rate of $4.1 for every $1,000 in assessed property value will remain the same in the preliminary budget. But property values are expected to grow by six percent this year, generating an additional $2.7 million in revenue
City Commissioner Curtis Richardson wants to assure Tallahassee residents that this is not a tax increase.
"This is not a tax increase. We have for the past several years maintained our mileage rate at 4.1," said Richardson. "Now what they do across the street and how they define it is one thing, but this is not a tax increase on the property owners in the city of Tallahassee."
Property value assessments aren't completed until June 1 and could affect the final city budget.
City commissioners say a more complete budget will be compiled in June and a final version will be voted on in September.
