The Real Deal Miami

Weston hit with tax hike

July 28, 2009 01:21PM

Falling property values have forced Weston city officials to consider raising taxes in an attempt to fill a $2.3 million gap in the city budget. Though the town is cutting government positions and trimming transportation services, hiking the tax rate to $1.76 for every $1,000 of taxable value from $1.52 would still require the city to dip into $2.1 million in reserves. The town’s total property values decreased by 11.4 percent, from $8 billion to $7.1 billion.