- Where can I find a copy of the budget?
- The Budget Office can provide a copy of the Operating and Line Item Budget Books upon request.
- Both Operating and Line Item Adopted books are published online within 30 days after the final adoption http://pompanobeachfl.gov/index.php/pages/budget/budget
- Residents, businesses and visitors can access the budget through OpenGov Financial Transparency that allows you to visualize the City’s annual budgets from FY 2010 to present: http://pompanobeachfl.gov/index.php/pages/budget_opengov/opengov
- The residents can also access the City’s Strategic Plan Reports online: http://pompanobeachfl.gov/index.php/pages/strategic_plan/strategic_plan
- How can the public educate themselves and be part of the Annual Budget Process?
- Residents and businesses are encouraged and have the opportunity to serve in approximately 28 different advisory boards and/or attend all monthly or quarterly advisory board meetings.
- Each year, residents, non-profit agencies and businesses have the opportunity to participate in the May or June and July budget workshops, Special City Commission meetings, as well as in two Public Budget Hearings in September.
- Throughout the year, residents may also voice themselves at any of the 20 public City Commissions meetings or may contact the City Manager’s Office, the Mayor or their District Commissioners with any questions or comments.
- When and where are the public budget hearings?
State law requires that two public hearings be held to discuss the budget. These hearings occur every September. Dates vary from one year to another, depending on the scheduled Broward County and School Board Public Budget Hearings.
- Budget and Budget Process
- Budget Calendar
- Preliminary forecasts for upcoming fiscal year are prepared
- Engineering and Capital Improvement Plan Team starts preparing the 5 Year Capital Improvement Plan
- Budget Kickoff Meeting provides general guidelines for all departments on how to analyze and submit their budgets for the next fiscal year.
- Departments submit their budget proposals to the Budget Office
- City Manager and Budget Office meets with each department to review budget requests and service level priorities
- The Budget Office analyzes proposed Operating and Capital Budgets
- Budget Workshop: The recommended budget is presented to the City Commission: Policy Discussions
- The City Manager and Budget Office meet with the Mayor and City Commissioners individually to discuss the upcoming year’s fiscal policy and budget
- The Five Year Capital Improvement Plan is presented to various Advisory Boards to receive feedback
- The City receives preliminary taxable assessed value from Broward County Property Appraiser
- July Budget Workshop: City Manager’s Proposed Budget is presented to the City Commission
- The City Commission adopts the Preliminary Fire Assessment Fee
- TRIM notices are mailed to property owners from Broward County Property Appraiser’s Office
- Two public budget hearings: Tentative and Final Public Budget Hearings are held and are open to the residents for comments: Adopting the millage rates and the budgets
- The City Commission adopts the Final Fire Assessment Fee
- Fiscal Year begins
- The City Commission adopts the Five-Year Capital Improvement Plan
- Departments begin to formulate budget plans, revenue and expenditure forecasting
- What is an ad valorem tax?
- What is the fire assessment fee (non-ad valorem fee)?
- What is a TRIM notice?
- What is the millage rate?
- What is the rolled-back rate?
- How do I calculate my property tax?
- Why have my property taxes increased?
A budget is a plan for using the City government’s financial resources. The budget discloses proposed expenditures for a given period and the proposed means of paying for those expenditures. Two basic components of a budget are the revenue or sources section and the expenditures or uses section.
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Property taxes are calculated as a percentage of the value of real or personal property. The percentage is expressed in mills. Tax based upon the value of the property. It is commonly referred to as “property tax”.
A special assessment is a charge levied on properties for the cost of providing a certain service or improvements, such as the Fire Assessment Fee. It is called a non-ad valorem assessment because it is on the property tax bill but is not based upon property value.
TRIM is an acronym for the Truth in Millage Law, passed in 1980 by the Florida State Legislature. It was designed to keep the public informed about the taxes as proposed by local taxing authorities. The TRIM notice is the Notice of Proposed Property Taxes required by this law. All property owners should receive a TRIM notice each year in mid-August. Other taxing authorities for the City of Pompano Beach property owners include the School Board, Broward County, and the City of Pompano Beach Emergency Medical Services.
The millage rate is the amount of property tax charged per $1,000 of taxable property value. For example, if the City’s aggregate millage rate is 5.4865 (General Fund millage rate 4.9865 and EMS millage rate 0.5000) per $1,000 of taxable value.
Rate that would generate prior year tax revenues less allowances for new construction, additions, deletions, annexations, and improvements increasing value by at least 100% and tangible personal property value in excess of 115% of the previous year’s value
The taxes due on a property are calculated by multiplying the taxable value of the property by the millage rate. For example, the property taxes on a home with a homestead exemption of $50,000 and a tax rate, of 5.4865 mills can be calculated in this manner:
Determine the taxable value of the property:
Assessed Value of Home: $150,000
Less Homestead Exemption: -$50,000
Taxable Value: $100,000
Divide the taxable value by 1,000 and multiply by the millage rate:
(100,000/1,000) X 5.4865 = $548.65
Your tax bill may increase for a variety of reasons. Some of the most common reasons are:
- Loss of homestead exemption or other change in exemption status
- Increase in assessed property value (i.e. increase in market value)
- Increase in millage rate by one or more taxing authorities
Florida law allows a city to levy separate property tax rates to pay for long term bonds. Bonds using property taxes to guarantee the payment of cost of principal and interest are known as “general obligation” (G.O.) bonds. The City issues the bonds only after the voters have approved the bonds. Details on the City’s outstanding debt can be found in the Comprehensive Annual Financial Report: http://pompanobeachfl.gov/index.php/pages/finance/finance
For more information on your property taxes, exemptions, millage rates, and other additional information please check the Broward County Property Appraiser’s Website: