Bradenton Beach finalized a budget for the new fiscal year Sept. 12 with a tax bump for property owners.
The Bradenton Beach City Commission conducted a second, final reading for 2024-25 municipal and community redevelopment budgets at city hall, located at 107 Gulf Drive N.
City treasurer Shayne Thompson read over the city budget with commissioners, which, though based on keeping the 2023-24 millage rate of 2.3329, still amounts to a tax increase.
The city needed to adopt a rollback rate of 2.1447 to avoid a tax increase.
With the adopted rate, the city expects to generate $2,537,083 in ad valorem taxes, up from $2,230,288 in 2023-24. The city’s taxable value was certified at $1,087,523,358.
The new budget includes salary increases for city employees and adjustments to the city’s longevity policy.
The budget also adds $250,000 to reserves for emergency preparedness.
The total general fund expenditures for 2024-25 amount to $4,857,954, an increase of $359,969 from this year.
The commission also finalized the budget for the community redevelopment agency, which is responsible for projects such as underground utility work, sidewalk enhancements, lighting, and parking improvements in the downtown district.
The CRA will have reduced expenditures due to postponed capital projects, with total CRA spending for 2024-25 at $344,606.
The commission unanimously approved each section of the budgets with a 4-0 vote. Commissioner Marilyn Maro was absent.
The new fiscal year begins Oct. 1.