Page 9 - PGA Community News - November '22

November 2022 November 2022 PGA C.A.N.!, Page 9
Town Of Jupiter News

By Jim Kuretski, costs, in efforts to improve the desirability of living there. Governmental Fiscal Accountability
Mayor, Town of Jupiter We had 1,589 affordable housing units constructed The Town was fortunate to have its overall real estate
The high inflation rate through Abacoa DRI obligations. The mandated affordability tax base increase by 13.1 percent, mostly attributable to
since 2021 has created requirements expired after five years. The five-year period property resales that occurred last year. Property resale
significant financial hardships was the governmental standard for affordable housing units events resulted in very significant increases in the taxable
to residents and businesses. at the time of Abacoa’s master plan approval. property valuations for those properties.
The cost of housing in Jupiter We had longer term success with Barcelona, a 351-unit There are 16,243 residential units that have an annual
and south Florida, has been rental community constructed three years ago. Seventy-five 3 percent “Save Our Homes” taxable property valuation
skyrocketing, with property workforce housing units were constructed, with mandated increases on CAP. Accordingly, I advocated for an
resales occurring in a seller’s affordability requirements, valid for 30 to 50 years. offsetting 3 percent reduction in the Town’s tax rate.
market. This month’s news The Town has collected $2.5 million from developers for Every residential and commercial property owner in the
report provides insights about inclusionary housing for commercial and industrial projects. Town would have benefitted by that.
Town efforts to (1) have affordable housing units in Jupiter and The Town Council is responsible to decide how to invest During the Sept. 22 final public hearing on the Fiscal
(2) limit cost increases in governmental revenues/taxes to do these funds to create future affordable housing opportunities Year 2023 budget, I identified revenue streams that
its part in controlling the overall costs of living in Jupiter. in Jupiter. were underestimated in the budget plan and proposed
Affordable Housing Since the Town is nearing buildout of its vacant eliminating a vacant town staff position to enable the
Over the past two decades, we have continued to residential properties, future opportunities to create Town’s ad valorem rate to be reduced.
implement infrastructure improvements in older charter affordable housing units within Jupiter will be increasingly Ultimately, the Town Council voted four to one to
neighborhoods in Jupiter that have more affordable housing more challenging. maintain a flat ad valorem tax rate that achieved a 13.1
percent increase in total ad valorem tax revenues.
The Town should have lowered its ad valorem tax rate,
The Single Scene Column © to do its part to limit governmental cost increase burdens
to its residents and local businesses, particularly at this
time with such unprecedented financially challenging
It’s Your Lifetime. Spend It around the country. This means MORE AVAILABLE conditions. I am not alone in my public service approach,

Wisely. QUALITY MEN and WOMEN in FLORIDA. Many as more local governments in Palm Beach County opted
of our new clients are new to the area entirely and they
to lower their ad valorem tax rates this year, than I recall
know no one in the area so many are taking the plunge ever happening before.
By Kelly Leary, M.S., THE now. Think about where you want to be in life and do
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