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Revenue for Major City Services to Increase $15 Million in FY2018

Posted on September 14, 2017

Revenue for Major City Services to Increase $15 Million in FY2018

At the City Commission meeting addressing the FY2018 budget, the city staff stated to City Commissioners and the public that the property tax rate will remain at 4.1% and operating costs will be held at 2017 levels or, for enterprise funds, adjusted by CPI per rate study assumptions.

However, despite these actions, an analysis (shown below) of the revenue for the major city funds show the funds will increase by approximately $15 million in FY2018 when compared to FY2017. This increase is driven by a $2.1 million increase in property taxes and a $8.5 million increase in revenue for the electric utility.

Also, the waste management fund will increase approximately $2.3 million.

The $2.2 million in debt refinancing savings that will be realized in FY2018 was not discussed at the city commission meeting.

City2018Bud

6 Responses to Revenue for Major City Services to Increase $15 Million in FY2018

  1. Anhaica Reply

    September 14, 2017 at 9:48 pm

    Does this budget increase include money for bail and a good defense team for our elected officials and their elite circle of friends???

  2. Dr Erwin Jackson Reply

    September 14, 2017 at 9:52 pm

    I was the only person who spoke against this rediculous increases in the 2017 budget.

    • James Servedio Reply

      September 17, 2017 at 11:36 am

      Yes, Erwin, you were the only person that spoke… at this meeting… at every meeting… about nothing… #Youaretired

  3. James Anderson Reply

    September 15, 2017 at 6:48 am

    Liberals have never seen a tax they did not like. Cut the budget.

  4. Thomas C. Hooker Reply

    September 15, 2017 at 9:25 am

    They need the money to work in raises.

  5. Tango247 Reply

    September 15, 2017 at 4:04 pm

    Does this negate the previously announced $4.8 million budget shortfall they declared a few weeks ago?
    Seems like I recall then pushing the tax rate and then “finding” $38 million in unreported “Green Funding” last year. Same shuffle, same dealers, same old game.

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