Here are answers to some of the most common questions about
Broward County's budget.
How much is Broward County's current budget?
It is approximately $3.35 billion. Of that amount, $2.393 billion is used for the operating budget (to annually support ongoing services and programs), $985 million for the capital budget (money put aside for construction and infrastructure projects and land acquisitions) and $391 million for the debt service budget (money used to repay voter-approved bond issues).
How is the budget funded?
There are a variety of funding sources. The General Fund ($952 million) is supported with property taxes and other revenues to fund programs that are not self-supporting, such as libraries, parks and the Constitutional Officers. It is important to note that nearly 50 percent of the revenue in the General Fund goes to the independently-elected Constitutional Officers, primarily the Sheriff, Supervisor of Elections and Property Appraiser.
The Enterprise Fund ($1.5 billion) consists of programs that are self-supporting without general revenue subsidies, such as the airport, port, resource recovery facilities and water and wastewater facilities.
The Other Funds ($1.3 billion) portion of the budget consists of self-supported agencies with dedicated taxes or fees, such as the Tourist Development Fund or the County Transportation Trust Fund.
What percentage of the General Fund revenues come from property taxes?
About 66 percent. The rest comes from fees and charges (11 percent); transfers and fund balance (16 percent); and sales tax and state revenue sharing (7 percent).
What is the millage rate?
The millage rate is the property tax rate set by the Commission. It is based on “mills.” One mill is equal to $1 per $1,000 of taxable property value. Broward County's current countywide millage rate is 5.553 mills including voter approved bond millage. To calculate a property tax rate, multiply the taxable value of the property by the millage rate and divide by 1,000.
When does the budget process begin?
The Commission begins initial discussions in February and proceeds through a series of workshops that culminate in two public hearings in September. At this time, the Operating Budget, Capital Budget and Five-Year Capital Program are adopted. The new fiscal year begins in October. View Budget Calendar.
Where can I find a copy of the budget?
The proposed budget and Capital Program for the upcoming fiscal year is available for viewing online beginning in August of each year. The adopted budget and Capital Program is available for viewing online beginning in November of each year. Visit Budget Archives.