Public hearing today on next year's budget
The Tampa City Council holds the first of two public hearings on next year's budget at 6 p.m. today. Mayor Bob Buckhorn has proposed an $876 million budget for fiscal year 2015, which begins Oct. 1. For the first time in five years, the city is not using cash reserves to balance the budget.
Tampa property owners would pay, on average, a 5.2 percent city tax increase, meaning that the owner of a home with an average assessment ($138,000) and standard exemptions would pay a city tax bill of about $504.
The budget includes a 2.5 percent raise for city employees, money to hire new police officers in advance of a wave of retirements and tens of millions of dollars for renovations to Old City Hall, road resurfacing and drainage projects.
The hearing will take place in council chambers on the third floor of Old City Hall, 315 E Kennedy Blvd. A final hearing is scheduled for 6 p.m. Sept. 17.