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Date of Issue: March 17, 2005

Budget OK'd in Bradenton Beach

Again with little fanfare, and in near-record time, Bradenton Beach city commissioners approved a $2,738,119 budget for fiscal year 2004-05 last week, up from the current budget of $2,628,004.

Commissioners also approved a property tax rate of 2.4932 mills for next year, down from the current levy of 2.5434. A mill is $1 for every $1,000 of assessed value of a property, less any exemptions.

For a piece of property valued at $525,000, and taking advantage of the $25,000 homestead exemption, the city tax bill on that home for next year would drop $25.10 from the current $1,271.70.

The value of assessable property in the city has risen significantly for next year over the current budget period - almost $99 million.

In 2003-04, total assessed property value in Bradenton Beach for tax purposes was established at $336,446,984. For the next fiscal year, which begins Oct. 1, the value is $434,981,500.

Only resident Jan Vosburgh spoke on the budget during the public hearing portion of the Sept. 23 meeting. She blasted the high rate of taxes levied by Manatee County, adding that "I'm sorry Bradenton Beach has to go on the coattails of Manatee County" as far as tax levies are concerned.