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ITEM: RESOLUTION NO. R2024-23 (PRELIMINARY TRIM RATES FOR WELLINGTON SOLID WASTE COLLECTION AND RECYCLING ASSESSMENT)
A RESOLUTION OF WELLINGTON, FLORIDA'S COUNCIL ADOPTING THE PRELIMINARY NON-AD VALOREM ASSESSMENT RATES FOR SOLID WASTE COLLECTION AND RECYCLING SERVICE FOR TRUTH-IN-MILLAGE ("TRIM") PURPOSES WITHIN THE JURISDICTIONAL BOUNDARIES OF WELLINGTON; AND PROVIDING AN EFFECTIVE DATE.
REQUEST: Approval of Resolution No. R2024-23 setting the preliminary FY 2025 TRIM rates for Solid Waste Collection and Recycling proposed at $310/unit for curbside services and $230/unit for containerized service.
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EXPLANATION: The Solid Waste Authority of Palm Beach County requests the Truth-in-Millage (TRIM) rates for Solid Waste Collection and Recycling in June to facilitate their processing.
The Wellington Solid Waste Collection and Recycling assessment rates are proposed to increase for Fiscal Year 2024/2025 based on the FY 2025 preliminary budget reflecting rising operating costs due to economic impacts and the projected contract cost adjustment. The Wellington Solid Waste Collection & Recycling non-ad valorem assessment rates have been proposed at the amount required to fully cover operating costs and restore and maintain fund balance in the Solid Waste Fund. The contract for solid waste collection allows an annual increase corresponding to the CPI for Water, Sewer & Trash Collection (WST) with a maximum contract increase of 5%. The WST indicator was at 5.28% for March 2024, and therefore the budgeted contract increase is 5%. Additionally, trash bin replacements remain active.
For FY 2025, the annual residential collection rates required to fully fund the higher expenditures and fund balance restoration are $310 per curbside unit and $230 per containerized unit. This represents increases of $20 and $5 per year, respectively.
P = Preliminary
The preliminary TRIM collection and recycling rates fund the FY 2024/2025 preliminary Solid Waste b...
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