Proposed Osceola County Budget Keeps Tax Rate For 12th Straight Year – Orlando Sentinel

Osceola County’s proposed budget for fiscal year 2023 unanimously passed the first of two public hearings, which includes the same property rate that goes into the general fund.

County commissioners approved $6.7 million for the 12th straight year, meaning homeowners will pay $6.7 per $1,000 of assessed value on their property.

The proposed rate is based on revenue from many departments that have rebounded to pre-COVID-19 pandemic levels, according to County Executive Don Fisher. Property values ​​have increased by nearly 17% in one year.

Toward the end of Thursday’s meeting, Vice Chair Viviana Janer asked for “congratulations” for keeping rates the same.

“I also want to really thank the staff; I know they’re working tirelessly on this and it looks like it’s for us, but the public needs to have access…” said District 5 Commissioner Ricky Booth. “If they want to research what’s going on in their county, it’s there for them.”

The draft budget for fiscal year 2023, totaling just over $1.7 billion, is slightly lower than the enacted budget for 2022, which was about $1.9 billion. In recommending the budget, Fisher said the county will monitor the economic trend and the impact of inflation and a possible recession.

Property tax recoveries are estimated at $319 million and are just under $50 million higher than last year’s budget, according to the draft budget. The largest portion of those taxes goes to public safety, with more than $156 million going to fund the sheriff’s office, corrections, fire, animal services and emergency management.

Another change from Budget 2022 is a $70 million decrease in intergovernmental revenue, which includes grant funding.

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Included is a $1.26 million water management plan grant, which the county received in January 2021 from the state. to mitigate flooding. In 2017, Hurricane Irma contributed to “historic” flooding in Osceola County, which led to the evacuation of a nursing home.

The water management plan contributes to the upgraded rating of the county’s flood insurance program by the Federal Emergency Management Agency, which was announced last week.

That of the county improving floodplain management activities and participating in the National Flood Insurance Program community rating system have allowed FEMA to subsidize insurance cost reductions for some residents.

Osceola County residents who purchase flood insurance for their property in FEMA-mapped flood zones will be eligible for a discount of up to 25% on premiums.

“This is potentially very important for anyone participating in the NFIP. The ability to lower premiums can make a difference in the lives of homeowners who may be struggling due to the pandemic and inflation,” Osceola Commission Chairman Brandon Arrington said in a press release.

The second public hearing is set for 5:30 p.m. on September 19 in the commission chambers.

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