COMMISSIONERS DISCUSS FISCAL YEAR 2023 AT BUDGET WORKSHOP; APPROVE FY23 PROPOSED DECREASED MILLAGE RATE
The Monroe County Board of County Commissioners met today to discuss the proposed $512 million Fiscal Year 2023 (FY23) budget. The budget includes the Board of County Commissioners, the constitutional officers, like the Sheriff's Office, Tax Collector, Property Appraiser, Supervisor of Elections, and Clerk of Court, and other appropriations for the Tourist Development Council, capital projects, and reserves.
Monroe County Administrator Roman Gastesi and Budget and Finance Director Tina Boan presented the tentative budget with FY23 estimates of residential real estate trends, taxable property values, sales taxes, and state shared revenues, along with fund balance, reserves, and general fund.
With the proposed budget and countywide average property values, a homesteaded residential property owner with an average appraised assessed taxable value of $469,161 in 2022 will see a $0.66 monthly decrease in their property tax for the FY23 year with the tentative budget. The taxable value is different from the market value.
Some of the FY23 budget highlights:
FY23 Budget Timeline:
The Monroe County Office of Budget and Finance provides coordination and development of the budget. The award-winning office continues to work with inflation issues, Hurricane Irma, and COVID-19 impacts while providing for the department's daily operations, program enhancements, capital projects, and infrastructure improvements.
For more information about the budgeting process, visit www.monroecounty-fl.gov/budgetandfinance.
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