CRA--will property taxes affect their Grants?

On Tuesday, May 26th, there will be a CRA Workshop to go over the Residential Rehabilitation Grant and the Commercial Enhancement Grant. Along with these discussions, Mark Bates will bring the CRA an update on the City of Lake Worth Budget.

This should be very interesting particularly as it was just reported that 17,532 homeowners in PB County have yet to pay their ad valorem for 2008. In addition, 33,000 non-homesteaded property owners have outstanding tax bills. This comes to $252 million owed to PB County.

You can bet budgets are being looked at very closely and seriously, not only in Palm Beach County, but Lake Worth as well.

This should be an interesting revelation on the 26th and the CRA may very well come to the conclusion to have a Moratorium on all Grants at this time. I would approve.