Wellington sets budget – what it means for residents’ taxes

The total government operating budget increased 9.7 percent to just more than $106.3 million, in part because of investments in neighborhood parks, utility projects, a new sheriff substation, Town Center renovations and the new Wellington Community High School sports complex.

While the total budget increased and property taxes decreased, village leaders say the net revenue, or rollback rate, will result in an increase of funds for the village because of tax revenue realized from new construction and sources like utility taxes, permit fees, sales taxes and impact fees.

Long-range financial planning goals may impel an increased millage rate by around 2023, officials say, but residents can likely expect the 2.47 rate to remain in effect until then.

The new millage rate and budget go into effect the fiscal year commencing Oct. 1, 2019 and running through Sept. 30, 2020.

@WendyRhodesFL

wrhodes@pbpost.com

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