City of St. Petersburg FY2027 Proposed Budget
A recommended (pre-adoption) operating budget supplement for the City of St. Petersburg for fiscal year 2027.
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A recommended (pre-adoption) operating budget supplement for the City of St. Petersburg for fiscal year 2027.
The committee discussed the implementation of updated fees for building, parking, and transportation services, alongside a review of proposed adjustments to the zoning fee structure. Detailed presentations addressed the city's fiscal policies, including modifications to fund balance guidelines and the annual investment policy. The budgetary analysis covered the third-quarter performance, pension plan funding status, and a comprehensive overview of general governmental debt. The committee also reviewed procurement reports and addressed inquiries regarding hurricane-related expense reimbursements and revenue streams.
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The committee reviewed and approved modifications to the City's Fiscal Policies regarding Tax Increment Financing contributions, enterprise capital improvements, and the Economic Stability Fund. They discussed the third quarter budgetary performance, including general fund balances and expenditure projections, as well as financial and investment reports covering both general and alternative investment policies. Additionally, the committee analyzed pension plan performance, reviewed budgetary targets, and sought clarification on procurement reports related to Pier Events LLC.
The committee evaluated RFP proposals for a management evaluation of the Billing and Collections Department. Members reviewed the Fiscal Year 2026 second quarter budgetary performance report, noting projected revenue and fund balance targets. The committee also examined quarterly investment reports covering asset holdings, compliance, rate of return, and pension plan funding levels. Furthermore, the committee approved a resolution to amend the City's investment policy related to diversification schedules and reviewed quarterly procurement reports.
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