Annual Report 2017AnnualReport - Page 3

Jupi t er ’s B ud get at a Gl a nc e Our region continued to enjoy economic gains throughout Fiscal Year 2017, enabling the Town to maintain a property tax rate consistent with the previous year. Despite 13% Town of Jupiter 40% and having to allocate substantial resources in the wake of Hurricane Irma, federal 13% Town of Jupiter 40% Fire Rescue Fire Rescue planned emergency funding assisted with minimizing the economic impact to Jupiter, 10% 10% Palm Beach County Palm Beach County allowing the Town to continue to be forward-thinking with its resources in FY18. Special Taxing Districts 23% 14% In the course of its financial planning for the year, the Town used both traditional and Special School Taxing Board Districts 23% 14% priority-based approaches for utilizing revenues that for the most part are received School Board from property taxes. For FY18, a significant new revenue source for the Town will be the proceeds from the Penny Sales Tax that was approved by Palm Beach County voter referendum in 2016 and designated for infrastructure initiatives. This has resulted in a significant increase to Jupiter’s Community Investment Program (CIP), and has allowed the Town to plan for projects such as the replacement or reinforcement of the Town Hall and Police Department buildings; a parking garage in Abacoa; and improvements to Indiantown Road. Additionally, outside of capital p