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Posted August 26, 2024:

North Bay Drive Resident Entry

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The North Bay Drive resident gate entrance is currently open and will remain open until it is repaired. Currently the gate arm will not open using transponders due to an issue with the reader or the cable of the reader. Envera has ordered the cable and expects to receive it and install it by the end of this week.

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Posted August 26, 2024:

Coral Bay Taxes were not raised

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The budget hearing was held as part of the August 2024 CDD Board meeting.  A number of homeowners participated in a productive discussion with the Board regarding questions and the pros and cons of an increase at this time. The result is that the Board voted unanimously not to raise the Coral Bay taxes. Therefore, the actual tax bill that you receive towards the end of this year will contain the same Coral Bay CDD amount as last year.

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For those of you unfamiliar with the process, each year every owner is mailed something called a TRIM notice from Broward County. That TRIM notice is required by Florida statute and provides a preview of:

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•          what the tax would be if it remains the same as the previous year, and

•          what the maximum tax could be if the full proposed budget increases were approved.

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Each taxing entity (e.g., the County, the School Board, the City, the CDD) provides its input for the TRIM notice to the Broward County Tax Collector, based on that taxing entity’s preliminary budget.  Unlike the other taxes, the Coral Bay CDD’s component is a non-ad valorum tax, meaning that every home is taxed the same amount. Additionally, whenever a CDD increase is being proposed, the CDD must also send a letter to each home that notifies the owners of what the maximum amount can be and announces the hearing date at which the decision will be made.

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