This is just one of a series of videos I will be sharing from this session related to the city's engagement of the EPA's program "Building Blocks for Sustainable Communities." The city was awarded this assistance by making application to the federal government for some critical strategic planning. Lake Worth was one of only three communities, out of total of 127 applicants around the nation, that is part of this program. The other two are Omaha, Nebraska and Fargo, North Dakota.
This graphic was used as part of their PowerPoint presentation:
What do you think these numbers represent? They represent values which could be the average amount of ad valorem property tax dollars received by the city per property. Which do you think the real number is? The answer is "A" - $130 per property. Many properties in Lake Worth have fallen below the $50,000 homestead exemption enjoyed by many property owners. How sustainable a condition is that?
Here is former Commissioner Nadine Burns on the need to understand Lake Worth's characteristics and take a real look at its serious economic plight, the implications for residents trying to make a living here and the conditions present.
More to come in the next few days.