PARKLAND, FL- The City of Parkland held their Commissioner's Meeting Wednesday night and presented the proposed 2021 Budget Plan. Listed below are some key takeaways from the meeting.
The total fiscal year 2021 budget equals $48,480,550. The City of Parkland decreased the 2021 budget by 15.1% or $8,597,000 from the 2020 budget to accommodate the uncertainties of COVID-19.
The City’s largest source of revenue is ad valorem taxes, which comprise 57% of all General Fund revenue. For the 2021 budget year the City had an increase of $355 million in taxable value which added $1.5 million in ad valorem revenue.
Public Safety costs make up nearly half of the General Fund budget at approximately $19.5 million.
Public Works is the City’s largest department at approximately 14% or $5,664,091 of the General Fund budget.
General Government comprises about 12% of the General Fund Budget.
The five (5) largest budgeted capital projects are as follows:
• Pine Trails Park Field Improvements—$1,800,000
• Terramar Park Baseball Field Reconfiguration—$1,150,000
• Terramar Park Playground Improvements—$500,000
• Terramar Park Field and Parking Lot Expansion—$370,000
• University Drive/Old Club Road Improvement—$200,000
The City will hold a resident budget workshop on August 12, 2020 at 6:00 p.m. and the City Commission will hold a budget workshop on August 19, 2020 at 5:00 p.m. The City will provide detailed meeting information in coming weeks as they measure how best to hold meetings during the pandemic.
For more information on the 2021 City Proposed Annual Budget click here.