Tax RateThe City’s tax rate for the current fiscal year is 7.3277 mills. An examination of City budget history reveals that the tax rate approved by the City Commission for the current fiscal year is the lowest tax rate in 17 years! The tax rate for FY ’91-92 is the next lowest. As noted in a previous column in this space, in the last four years the City Commission has reduced the City’s property tax rate 22%.
City DebtThere has been much discussion on the level of City debt, but I have yet to hear anyone mention how our City’s principal debt amount (i.e., the amount owed on the original borrowed amount, without adding in interest payments) compares to that of other similar cities. The cities of Auburndale and Haines City are often used for purposes of comparison. For the 2007-2008 Fiscal Year, these three cities ended the fiscal year with these respective amounts of principal debt:
- Auburndale - $54,143,338
- Haines City - $45,360,648
- Lake Wales - $32,725,486
In this space I have noted before that debt is a necessary method of providing funding for large capital projects.
Rails to TrailsThe first phase of this project was a Florida Department of Transportation project, and no city funds were involved. That section of trail begins at Fourth Street and ends at Kiwanis Park.
The extension of the Trail to Buck Moore Road was a City project, paid for with grant funds that required a match of $133,000. The matching amount came from City Recreation Impact Fees, which can only be used to expand or provide new recreation facilities.
1919 Building (Hardman Hall)The 1919 building project started with high hopes after the property was acquired from the county school board in 1995. An article in this newspaper on June 8, 1995 stated that the buildings would be renovated with funding “…from a variety of sources in the form of grants.” It was also noted that “… the entire project cannot be completed at one time but can be done in phases.”
To date, three of the buildings have been restored, with grant funding for one of the buildings, the former elementary school being leased to the Boys and Girls’ Club. The Club paid the matching funds required for that restoration grant. The other two restored buildings, the Kirkland gym and the Little Theatre, were restored with City bond proceeds and (non-city) funds raised by the Little Theatre, respectively.
The 1919 building has to date utilized $1,869,711 in grant funds and $300,000 in Community Redevelopment Agency (CRA) funds towards rehabilitation. There have also been $154,285 in private donations and $17,124 in other city funds used for the project. The next phase of restoration is currently being planned, and it will use $350,000 in grant funds and $300,000 in CRA funds. Beyond the next phase, it is estimated that it will take $1,011,087 to open the building for use and another $712,787 to completely finish the building, grounds, and parking. The spreadsheet detailing all of these figures (as well as the City budget and millage history noted above) is now available on the City’s website at http://www.cityoflakewales.com/.
The City Commission has established an advisory committee to work on the fund-raising needed to complete this building. Applications for membership are available at the City Clerk’s office.
It is anticipated that when this magnificent structure is completed its focus will be on musical education and performance. Lake Wales has a long tradition of musical excellence at our High School. The recent establishment of McLaughlin Middle School as a “School of the Arts”, and the strong music program being built at Bok Academy will greatly enhance this tradition. We look forward with the vision of the new advisory committee raising the remaining dollars necessary for our children to learn and perform at this wonderful new facility, which will richly add to the definition of our community as a place for both the arts and education.

