Development News for Panama City Beach, Florida

Panama City Beach Approves Fire, Stormwater, and CRA Assessments with Varied Rate Changes

The City Council of Panama City Beach approved resolutions for annual fire, stormwater, and CRA assessments. The fire assessment rate remained at 0%, resulting in a budget decrease of $114,241. The stormwater assessment rate was increased by 4%, leading to a budget increase of $115,265. The CRA assessment rate remained at 0%, resulting in a budget decrease of $17,813. Council members debated the merits of various increase percentages for stormwater, ultimately deciding on the maximum advertised increase to accommodate rising costs and infrastructure needs, while opting for no increase for fire and CRA assessments.