I. Property Taxes :

City Commission Budget Workshop #2 · 2026-04-29 · agenda_item

This item concerns the City of Palatka's budget for Fiscal Year 2024-2025. The budget workshop will review property taxes and other revenue sources. The city is planning its financial strategy for the upcoming year. This review is part of the budget planning process. Local contractors, trades, suppliers, and service providers may find opportunities as the city allocates funds for various projects and services. Engaging with city officials early in the budget process could provide insight into future needs and potential work. Understanding the city's financial plans allows businesses to prepare for upcoming bids and contracts.

Ad valorem revenue

4,050,673.33

Ad valorem revenue percentage

68 %

Communications Service Tax revenue

390,638.32

Communications Service Tax revenue percentage

7 %

Local Business Tax revenue

62,847.45

Local Business Tax revenue percentage

1 %

Municipal Utility Services Taxes revenue

1,482,024.50

Municipal Utility Services Taxes revenue percentage

25 %

Total revenue

5,986,183.60