Friday, May 29, 2009

Palm Beach County's 13.5-percent tax roll plunge even worse than feared

Click title for link to PB Post article.

We had a presentation from Finance Director Bates at this week's CRA meeting about what was thought to be the 14% drop in property values in Lake Worth last year. Now we're at a 24.3% decrease in values and Lake Worth is the second highest drop of the 38 Palm Beach County municipalities.

Is this enough to wake people up around here?