Comment on Palm Coast council sets maximum tax rate for 2016

Palm Coast council sets maximum tax rate for 2016

PALM COAST — Now that the city is deep into its budget season, Palm Coast City Council members unanimously agreed Tuesday to set a maximum tax rate for 2016.Council members voted 5-0 to set the tentative property tax rate at $4.24 per $1,000 of taxable property value. The vote guarantees that rate will not increase, but the council can choose to lower it between now and when it approves the final budget for fiscal year 2015-16."We're very comfortable with this being the maximum," City Manager Jim Landon said during Tuesday's meeting.The city's finance director, Chris Quinn, gave the presentation to the council Tuesday.

 

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