County cuts millage rate

The Escambia BOCC voted last night to cut the millage rate, which determines property taxes, from 8.017 to 6.9755 mils. This will represent a savings of $100-200 for the average homeowner, and a cut to the County budget of $27.7 million. Now, the county will make up some of that — around $13 million — from new revenue, as courts have ruled the County can now levy property taxes against the residents of Pensacola Beach. Even so, that’s still a big budget cut, and while tax relief is certainly welcome, I don’t know that I trust our BOCC to handle any budget cut responsibly.

Links

• PNJ: “County rolls back property tax rates”