FY 2022-2023 OPERATING & CAPITAL BUDGET
ROUTE 17 SPECIAL TAXING DISTRICT FUND DESCRIPTION The Route 17 Special Taxing District is a special fund created by the City to foster economic development in a specific geographic region of northern Suffolk. An additional real estate tax levy is assessed on properties in the Route 17 Special Taxing District to provide for more complete governmental services including the construction and maintenance of roads, water and sewer infrastructure, beautification and landscaping, shoreline management and restoration, sponsorship and promotion of recreational and cultural activities, open space, public parks, and park amenities, and firefighting facilities and equipment. The proposed FY 2022-2023 real estate tax is $.24 per $100 of assessed value for the Route 17 Special Taxing District. Funding generated from the additional real estate tax levy is used for debt service associated with previously completed infrastructure improvements in the taxing district as well as a capital/debt reserve for future improvement projects.
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