News Flash

Spotlight

Posted on: October 12, 2021

The New Budget Year

Flags at the Shores Pavilion with condos in background

Thanks to a strong commitment to financial responsibility, the City was able to reduce property taxes by 27% overall this year – while fully maintaining the high level of city services and quality of life residents and visitors expect and enjoy.

The City Council had authorized City staff to pay off all outstanding debt in 2020 and, as of February 2021, the City is debt free! The City paid off over $10.8 million in debt in the general fund and sewer fund.

That enabled the City Council to adopt the rolled-back rate for property taxes and remove the voted debt service obligation for the budget year that began Oct. 1, 2021. The total millage rate for Daytona Beach Shores’ portion of the property tax bill has been effectively reduced from 6.7826 to 4.9356 per $1,000 in taxable value.

This year’s budget funds Public Safety; maintenance of parks, public spaces and City facilities; utility services; recreation activities, classes and events; and more, without any reduction in services. The City has set aside federal funding for a sewer upgrade that’s in the planning stages with the Shores’ neighboring governments. In addition, the budget includes reserves to handle emergencies.

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