FY21 Approved Budget and Tax Rate

The City of Nassau Bay strives to maintain a balanced budget in accordance with the City's Financial Principles – these include advancing the City's priorities while maintaining core services, providing cost effective service delivery, and making targeted investments in public safety and infrastructure.

At the Council Meeting held on August 31st, City Council approved the Fiscal Year 2021 Annual Budget. This year’s General Fund (maintenance and operations) budget is $6,658,410 and the total budget for all funds is $14,509,360. At the September 14th Council meeting, City Council approved the tax rate of $.722120 / $100 valuation that will fund a portion of the maintenance, operations, and debt service in the FY 2021 Budget. On a home valued at $272,052, the average homeowner will pay around $156.93 per month in property taxes to the City of Nassau Bay.

Based on Average Monthly Property Tax of $156.93 per month - FY 2021

The Fiscal Year 2021 Annual Budget includes a targeted focus on the City's public safety elements, and provides for competitive salary adjustments for the Police, EMS, and Public Works Departments.

This Budget also funds a total of $2.45 million in capital projects. These projects include several improvements and rehabilitation projects to the water and wastewater system, stormwater drainage, street repair and improvements, public safety additions, several park enchancements, and much more. The detailed list of projects can be found in the budget. For more information on the budget, tax rates, and upcoming capital projects visit www.nassaubay.com/budget.