County Facing $12.1 Million Budget Shortfall
Pinellas County Commissioners start forming the FY2014 budget Tuesday at a budget work session meeting.
Pinellas County is facing a $12.1 million budget shortfall for fiscal year 2014. To close the gap, county officials will explore multiple options, including using reserve money, reductions in spending and increasing the millage rate. County commissioners begin to take the first steps to tackle the 2013-14 budget during its budget work session Tuesday. According to county documents, the budget gap could be partially closed by using one-time reserve money from the Service Level Stabilization Account. However, using one-time reserves, according to the county, would only help in the short term. The stabilization account was created from FY10-FY12 by taking reductions in the budget over and above what was necessary to balance the budget. The …
david adams
9:42 am on Tuesday, February 5, 2013
$12.1m..what is the budget or what is $12.1% as a percentage shortfall? The figure itself is meaningless! more ›