Reality check...

Before getting carried away with how charming the city of Lake Worth is, we need to be reminded of some sobering facts.  I'll be doing a series of posts that include some of the slides from the city's Department of Community Sustainability PowerPoint presentation.  This is being used as a basis for community meetings in various districts throughout the city.  The next two will be the following:

District 2  May 28  6pm
Shuffleboard Courts  1121 Lucerne Avenue
District 4  May 30  6pm
Cultural Council  601 Lake Avenue

They are broken into districts - #s 1 and 2 have had theirs already, but you can be from anywhere in the city and attend these.

The takeaway from these slides is that the city is heavily dependent on its residential tax base to fund the ad valorem part of the budget - that generated from property taxes.  Here you can see the precipitous fall in property values since 2007.  It really is disproportionate in relation to our "charm", our "potential" and our central location.  These are some strong headwinds for the city to recover and overcome.