Last week the Sarasota City Commission started looking at the next years budget requests. This is always a hard job. We all want to spend much more than we can afford.
It is great that the City of Sarasota has a very good bond rating with some $14 million in "reserve funds" ... for a rainy day. Now you would think that with the wild increase in property values in the City that they would be able to kick in another $million or two this year.
Not even close (is that a susprise)..
I am all for paying a fair wage but when that comes with a defined benefit pension with free health care for life... that is just too good a deal. I don't have that and I have a pretty good job with a good company. I have a 401K with company matching and some profit sharing.
We are kicking in an extra $2.4 million to help pay for rising costs of pensions and benefits... I guess it is OK to spend more on keeping parks and landscaping clean..
Sarasota backs off tax hike this year
Commissioners plan to dip into reserves to avoid a tax increase.
By MIKE SAEWITZ
SARASOTA -- Instead of possibly raising taxes, commissioners plan to pull $2.8 million from the city's $14 million reserve fund to pay for more park maintenance and increase employee salaries.
The money from the reserves will likely allow the commissioners to set a tax rate today that will be slightly lower than last year's.
"This was the most prudent way to do this budget this year," said City Commissioner Mary Anne Servian.
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In the next few months, they'll likely hold a public hearing about a potential 16 percent sewer rate hike. They'll also discuss how to pay for a new police station. The commission is still considering funding sources for a new spring-training stadium for the Cincinnati Reds.
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The commissioners gave preliminary nods to spending $1.2 million to bring competitive wages to more than 200 employees. The city will also pay a living wage of $26,750 to 50 employees who were making less than that.
And the commissioners plan to set aside an additional $2.4 million in a post-employment benefit trust fund that will now have close to $5.9 million. The trust fund was created to save money for rising costs such as employees' health and life insurance in the future.
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The condition of the city's parks has become a neighborhood issue, especially as downtown has been cleaned up and redeveloped. The commissioners want to spend about $300,000 on new hires to enhance the landscaping around the city.
Comments
10-Sep Report
Retirees like Hall deserve protection, but the federal retirement plan gives COLAs to everyone--former clerks and millionaires alike. That is very expensive. Indeed, according to a recent estimate by Money magazine, if all government pensions were cut back to private sector standards, the average person's tax bill, including federal, state, and local taxes, would drop by about 8 percent. The more important point is not our current bills but the prospect of what our taxes will be like if all of these pensions are paid out. That's the real danger.