|For Immediate Release|
For more information contact:
Ali Glisson, Public Affairs Director
|Mayor Buckhorn Presents FY2014 Budget Proposal
Tampa, FL July 25, 2013 - Mayor Bob Buckhorn presented his recommended Fiscal Year 2014 (FY 14) budget to Tampa City Council this morning.
"Once again, we balanced the budget without raising taxes, firing any employees, or cutting city services. This year’s budget reflects our effort to improve the quality of life in our neighborhoods, support continued economic growth, and move our city forward,” said Mayor Bob Buckhorn. "Tampa is well positioned as the economy recovers because we have streamlined city government and made prudent and conservative financial decisions. Our best days are ahead of us.”
The $830.9 million budget proposal includes $103.4 million in capital improvements to done in FY 14, which will allow the City to invest in and repair critical infrastructure needs. The $26.5 million increase to the budget is primarily due to increases in fleet, personnel, and fuel costs as well as CRA projects that are being reassigned to FY 14.
Major capital improvement projects include:
Reshaping parks including Perry Harvey Park, Julian B Lane Park, and Water Works Park
Investing in stormwater and wastewater projects, including projects around Drew Park and the Donut Pond
Building complete streets, improving sidewalks and adding street lighting
The City closed a $19.2 million projected shortfall, reduced from the $34.2 million shortfall in FY 2013, without layoffs or increasing millage rates. Here are the major ways in which Mayor Buckhorn’s proposed budget eliminates that shortfall:
Following the Mayor's presentation today, the City of Tampa will host two public hearings about the budget on Thursday, August 22, 2012 and Thursday, September 9, 2013.
- $7.3 million increase in property tax revenue because of increasing property values
- $2.7 million reduction in departmental spending in FY 2014
- $7.5 million fund balance transfer from reserves
To view the Mayor's Presentation, review the budget documents, or for more information, please visit tampagov.net/mayor.
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