I. Property Taxes : Overview

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

This item concerns the City of Palatka's budget for fiscal year 2024-2025, specifically focusing on property taxes and other revenue sources. The budget outlines expected revenues totaling $5,986,183.60, with ad valorem taxes making up the largest portion at $4,050,673.33. This is a budget workshop, indicating the financial plans are under review and not yet finalized. While no specific construction projects are detailed, the budget allocation will guide future city spending. Businesses involved in municipal services, construction, and supply chains that support public infrastructure or services may find opportunities as the city plans its expenditures. Early engagement with city planning departments could provide insights into upcoming needs.

Total Revenue

5,986,183.60

Ad valorem taxes

4,050,673.33

Communications Service Tax

390,638.32

Local Business Tax

62,847.45

Municipal Utility Services Taxes

1,482,024.50