Inside Port St. Lucie's financial success as state debates property taxes

Conservative financial management is our City’s foundation. We operate with a lean, efficient government and emphasize long-range financial planning. That has allowed us to:Reduce our millage rate for 10 straight years, making us the third-lowest millage rate among the 20 largest populated cities in Florida.Reduce our debt by $400 millionImprove our bond ratingsIncrease services while decreasing staffing ratios. While Port St. Lucie’s population has increased, we’ve decreased the staffing ratio to 5.95 employees per 1,000 residents, down from 7.45 15 years ago.These are all points to keep in mind as the state Legislature debates several proposals related to property taxes this upcoming legislative session. Stephen Okiye, the City of Port St. Lucie's Finance Director, was one of several representatives from local governments who spoke recently in front of a House committee to talk about how the reduction or elimination of property taxes could impact the ability of cities and counties to provide core services.Stephen sits down with us for the latest episode of PSL On The Mic to discuss the proposals and what it would mean for our City if there was a significant reduction or total elimination of property taxes.Stay informed about City news, events, meetings and activities: www.cityofpsl.com/stayinformed Like what you’re hearing? Suggest a topic for a future episode: www.cityofpsl.com/podcast