BRADENTON BEACH – To offset a budget shortfall of $350,000 from post-hurricane tax exemptions, city commissioners have voted to add revenue sources that include increases to short-term rental license fees, building department fees and parking ticket fines.
“As a result of the storms, our ad valorem revenue has gone down about 14% this year. To put a dollar figure on that, that’s $350,000 give or take,” City Treasurer Shayne Thompson told commissioners. “That’s driven mainly because of a Florida Statute that allows
for a property owner who can’t inhabit their home for 30 days or more to request an exemption on property tax.”…