Summary


The City maintains an excellent financial position as evidenced by the General Fund’s unassigned reserves in FY 2024 of $26 million, or 18.2% of operating expenditures, which complies with Council’s policy of a minimum balance of 17%.


Because of its sound financial position and continued strong growth and development, the City was able to weather the COVID-19 pandemic that began in FY 2020 and continued into FY 2021, as well as the current inflationary environment and tight labor market that the entire country is facing. This strong position is due to the continued strong economy and growth of the City and pro-active financial management by the Council. New construction remains strong, with several significant projects either recently completed, underway, or in various stages of planning.

The City's proposed fiscal year 2024 budget provides a spending plan that will accomplish the following:

  • The budget proposes to reduce the millage rate from 5.32 mills to 5.17 mills. The effect of this proposed reduction will ensure that most homesteaded properties, whose assessed values increased by the 3% Save Our Homes cap, will see little change in their property taxes for the upcoming year. By reducing the millage rate to 5.17 mills offers several benefits to residents of Palm Beach Gardens. Firstly, it recognizes the financial challenges posed by inflation and seeks to provide relief to homeowners by not increasing the property tax burden. Secondly, the budget aims to provide stability and predictability for residents in terms of their property taxes. This allows homeowners to plan their finances more effectively and reduces the uncertainty of potential tax hikes.

  • Provide funding for all current and recently approved employment collective bargaining agreements.

  • Provide a total of 10 new full-time positions necessitated by the growth of the City and demand for services.

1. In the Police Department, 4 Police Officers are recommended to keep pace with increased growth and demand for services in the city's western boundaries.


2. In the golf course special revenue fund, the following new positions are requested:

(a) One Assistant Chef

* It is important to note that all of these positions are funded by revenues generated from user fees; no tax dollars will be used


3. In the recreation special revenue fund, the following new positions are requested:

(a) One Recreation Supervisor

(b) One Head Pickleball Professional

* As with the golf course positions, these positions are funded by revenues generated from user fees; no tax dollars will be used


4. In the General Fund, the following positions are recommended to keep pace with growth and demand of services:

(a) One Code inspector

(b) One Geographic Infromation Systems Technician

(c) One Fire Inspector


  • Based on the latest Consumer Price Index, it is recommended to allocate a funding increase of 7% for non-bargaining employees.

  • Allocate $1,733,146 from the Mobility Fee Fund for various street improvements to enhance pedestrian traffic flow and safety.

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  • Allocate $250,000 to continue the storm water renovation program, plus $250,000 to continue the canal dredging and maintenance program.

  • Allocate $1,554,600 to continue the maintenance, repair and operations plan that will ensure the City’s facilities are maintained at the level of service the

residents expect from a “Signature City” such as Palm Beach Gardens.


  • Allocate $2,000,000 to be set aside for economic development incentives.


All the above initiatives have been provided in the fiscal year 2024 Proposed Budget with a 2.82% reduction in the operating tax rate and no debt service millage.


The preparation of the Proposed Budget was a formidable task that would not have been possible without the efforts of all City department heads and staff. It is through their combined efforts that we can present this document to the City Council, and we want to express our sincere appreciation for all their collective efforts.


If you have any questions concerning the proposed budget, please contact Mr. Ferris so that we may schedule a meeting at your convenience to discuss any outstanding issues you may have.