The City of West Palm Beach has an approved total Citywide Budget of $658,705,191 which is a 15.6% increase over last year’s budget. The total citywide budget includes a General Fund budget of $225,437,742 which is a 9.6% increase over last year.
The City continues to experience growth and stability in its revenue streams with increasingly new development and new assessed value added to the tax rolls. Property Tax revenue accounts for 48% of the General Fund revenue sources. The $8.1965 adopted millage rate will generate $109M in FY23.