TAMPA — The City Council on Thursday night gave initial approval to Mayor Bob Buckhorn's proposed $804.4 million budget for next year.
The 2012-13 budget would use nearly $9 million in reserves and cut a small number of vacant positions, but not lay off city employees or raise property taxes. The city's tax rate would remain about $5.73 for every $1,000 of taxable assessed value. That means a taxpayer who owns a home assessed at $157,000 and has standard prop exemptions would pay $613 in city taxes, the same as this year.
The proposed budget is up $45 million from this year's $759.4 million. That's mainly due to spending on capital improvements for wastewater, stormwater drainage and the Riverwalk.
A final public hearing and vote is scheduled for 5 p.m. Sept. 27 on the third floor of Old City Hall, 315 E Kennedy Blvd. The city's next fiscal year starts Oct. 1.
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