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Posted on June 18, 2013
Just last month, Raoul Lavin of the City’s budget office, provided the first glimpse of the 2014 budget. His presentation focused only on the General Fund, which finances core city services, and indicated an upcoming deficit of approximately $5 million.
Yesterday, City Manager Anita Favors Thompson released her recommended 2014 (FY14) budget for review by the City Commission. A review of this budget shows that the City Manager has looked to revenues and not cuts to account for the $5 million deficit in the General Fund.
Ms. Thompson has proposed raising $2.3 million in new property taxes and, in what appears to be a one time stop gap measure, she is proposing a move of $3 million from the Capital Improvement program to the General Fund.
Also of note, according to city policies the transfer from the Electric Utility Operating Fund to the General Fund is supposed to be approximately $23.9 million. However, without explanation, the budget document proposes an increased transfer, in violation of city policy, of $2 million.
Check back to Tallahassee Reports for updates.