The discussion over the $8 million electric utility surplus over the last few months has seen city commissioners and staff defending the need to deposit the “found” money in the electric reserve which already had approximately $95 million. Rationale for keeping the money has ranged from “its policy” to “its only $34 per residential customer”. […]
The debate about the COT electric utilities reserves is beginning to provide answers, though questions remain. Last Wednesday the COT brought in consultants to provide more information about the appropriate level of the electric reserve. City staff is seeking a reserve level between $119 million and $185 million. The reserve is currently at $105 million. […]
Our recent report on the wealth of the City of Tallahassee electric utility published on January 19, 2011 generated a response from the City of Tallahassee. On Friday, Tallahassee Reports received an email from the City that indicated the report was one sided and should have included a different calculation. The initial report compared the […]
The recent debate on the fate of the $8 million electric utility surplus for 2010 has morphed into a discussion about the proper level of the electric utility reserves. City staff has reported that the current level of the reserve is approximately $100 million, with a staff proposed range of between $119 million and $185 […]
The second to last jobs report of 2010 indicates that unemployment continues to be a problem in Leon County and in Florida. The unemployment rate for Leon County increased from 7.8% in October to 8.7% in November. We started the year with an unemployment rate of 8.5%.
A public records request by Tallahassee Reports indicates that Tallahassee City Commissioners did not have much time to consider options with respect to the $8 million electric utility surplus before their vote on December 8, 2010.
Tallahassee Reports has reached out to a number of elected leaders over the last couple of days to get their reaction to the City Commission’s vote to keep the $8 million year end surplus generated by the electric utility.
On December 8, 2010, the City Commission was presented with the final numbers for the fiscal year 2010 city expenditures. Unreported to the community by any media outlet was that the city commission would be deciding the fate of an $8 million surplus in the electric utility fund.
An investigation by Tallahassee Reports has revealed that, unlike the City of Tallahassee, most major municipalities in the state of Florida require city lobbyist to register and provide detailed information about their activities.
There is no doubt that the south side of Tallahassee needs economic revitalization.
I have agreed for a long time that it makes perfect sense to move the current Fairgrounds to a new site and to redevelop the existing site on south Monroe Street .