A Special Election of the City of Palm Beach Gardens will be conducted on Tuesday, August 23, 2022, between the hours of 7:00 a.m. and 7:00 p.m.
Registered voters in Palm Beach Gardens will be asked to vote on renewing the City’s Ad Valorem Tax Exemption Program on August 23, 2022. The existing program was passed by the voters of Palm Beach Gardens in November 2012 and expires in November 2022.
The Ad Valorem Tax Exemption Program is an economic development tool that helps to diversify the City's business base by encouraging qualified industries, offering higher-than-average salaries, to locate or expand in Palm Beach Gardens. Each qualified business seeking ad valorem tax abatement is considered on a case-by-case basis and is voted on by the City Council at a minimum of two public meetings.
The program has been used by the City Council for one company during the current 2012-2022 period. United Technologies Corporation received an ad valorem tax abatement. The ad valorem tax abatement was vital to their decision to locate their headquarters in the City; resulting in a $148 million capital investment and the creation of 541 new jobs. The total economic impact of that project is estimated to be $662.4 million.