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St. Petersburg faces $12M shortfall in next year’s budget

in The Bay and the 'Burg by

The city budget is facing its fourth year of property tax reductions, setting the scene for another round of heated budget discussions and difficult cuts, Mayor Bill Foster said Thursday.

Property value are expected to drop by 10 percent, leaving the city with a projected $8.3 million loss. Rising city salaries could bring the total deficit to more than $12 million. Read the rest of Cristina Silva’s report here.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.

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