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Potential property tax cuts could lead to Palm Beach County budget cuts
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Rising oil prices push inflation to highest level since April 2023
U.S. inflation rose 4.2% in May, the highest since April 2023, driven by surging energy costs, erasing hopes for Fed rate cuts and raising hike concerns.
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Palm Beach County officials are bracing for what could be the largest budget cuts in the county's history, as proposed property tax reductions threaten to eliminate nearly $400 million from county operations over the next two years. WPTV reporter Joel Lopez breaks down the numbers and the impacts.
Potential property tax cuts could lead to Palm Beach County budget cuts
