FY 2016 City Budget Released
Mayor Rick Kriseman has submitted his proposed Fiscal Year 2016 budget to City Council. While the proposed $221 million spending plan recommends no increase in property taxes, it does include $3.6 million to replace the aging Fossil Park fire station and $286,000 to seed the new South St. Petersburg Community Redevelopment Area. City employees would also see a three percent raise. Funding the proposed projects is possible due to an increase in property tax revenues, giving the city an extra $7.313 million in its coffers. City Council will consider the proposed budget during two public hearings in September.