Winter Springs should go back to school when it comes to fiscal responsibility. They don't even have a City comptroller. Must be that if the truth was known --- someone of integrity, and licensed in that field would be forced to tell the truth. That would be against Winter Springs financial capabilities!

Oviedo talks budget, could drop tax rate

Discussion will continue before a firm

rate is set later this year

By Michelle Yoffee-Beard | August 12, 2005

OVIEDO - The Oviedo City Council has begun mulling the 2005-2006 annual budget, which includes a slight decrease in the property tax rate.

Because the city is bringing in more tax revenue from its growth and a sharp rise in property value, it is considering decreasing its tax rate by a nickel for every $1,000 in property value. Residents now pay about $5.65 per $1,000.

If the proposed budget is passed, a homeowner who has a home valued at $150,000 would pay about $6 less under the proposed change. That figure includes a $25,000 deduction for homeowners who live in the state most of the year.

The city has the power to raise the tax rate by up to 3 percent, which would increase the tax rate in the previous example by $20.

"I feel good I'm in Oviedo," Assistant City Manager Bob Bentkofsky told the Council.

He said the tax base now tops $1.7 billion, 15 percent more than in 2004.

The Council expects to discuss budget issues at its regular meetings during September.

The proposed budget is available online at the city's Web site, http://www.cityofoviedo.net.

(This article was sent to PFGG. It is believed to have been from the Seminole Chronicle.)

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