MONROE COUNTY, FL – The Monroe County Board of County Commissioners met today to finalize the proposed $667 million Fiscal Year 2024 (FY24) 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 budget with FY24 estimates of residential real estate trends, taxable property values, sales taxes, and state shared revenues, along with fund balance, reserves, and general fund.
“We are a little county with big county problems plus 5 million visitors a year,” said Gastesi. “This budget continues to meet our increased service demands for our residents, sustainability for our future, public safety, and more.”
With the finalized budget and countywide average property values, a homesteaded residential property owner with an average appraised taxable value of $484,735 will see an $11.24 monthly increase in their property tax for the FY24 year with the tentative budget. The taxable value is different from the market value.
FY24 budget key points:
The budget will go into effect Oct. 1, 2023 through Sept. 30, 2024. 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 and Hurricane Irma and Ian 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/budget.
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