Punta Gorda unveils 5-year financial plan

Author: Nancy Semon, Gulfshore Business
Published: Updated:
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Punta Gorda’s five-year financial plan will be discussed during a Feb. 21 City Council meeting, including damages from Hurricane Ian and increasing costs for infrastructure due to continued growth.

The millage rate, dollars assessed for each $1,000 of value, for fiscal year 2024 is 3.95 mills. Although the rate hasn’t changed since 2022, rising property values has increased tax collections.

A notable exception is properties that were destroyed or sustained significant damages from Hurricane Ian and have either been taken off the tax rolls or had their values significantly reduced.

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