The City of Tallahassee held a budget workshop last week and staff informed city commissioners that budget analysts estimated an increase in property values which will raise an additional $2.6 million in property tax revenues.
The city commission voted to hold the property tax rate at 4.1 mils. However, given the increase in property values, the vote is considered a tax increase.
The estimated capital budget for fiscal year 2019 totals $153.6 million. This request includes a total investment of $19.1 million for public infrastructure projects, $13.2 million for new technology, $11.2 million at the Airport, and $83.4 million in the city’s six utilities.
The General Fund budget is estimated to be $157.6 million, and the total operating budget is $738.4 million. The proposed budget for the general fund includes $58.4 million for the Tallahassee Police Department, an additional $6.5 million for road maintenance, $23.7 million for parks and recreation, including the two new parks, and $7 million for human services. Funding is also included for transfers to the Consolidated Dispatch Agency.
The City workforce will remain at 2,851.50 positions.
Also, based on the five-year rotation, rate studies are being conducted for the Electric and Gas Funds and are anticipated to be completed by the end of the summer. It is expected that base rates, which staff revealed is experiencing upward pressure, will recover the costs of operating the electric or utility, including the transfer to the general fund.
Public hearings have been scheduled on the 2019 budget for September 12 and 26 at 6 p.m.