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 […]
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.