A issue discussed was the Sanitation Fund, which saw an operating income of $271,000 and a net change in position of $73,000. However, additional expenses for debris removal have led to an increase in the net position minimum, and the contractor’s higher rates for this service have impacted the fund’s financial health. The committee debated the yard waste debris facility’s future, considering the possibility of closing it due to reduced revenues and increased dumping rates. Despite the financial losses incurred, there is a plan to recoup these with an expected FEMA reimbursement and the potential return of customers.

The General Fund budget was another focal point, highlighting a projected shortfall despite accounting for expenses such as union contracts, health insurance, and pension contributions. The committee discussed the need for budget adjustments to address the shortfall, including potential reductions in operating expenses and capital outlay. There was also anticipation of property tax revenue and the impact of health insurance rates on the budget.

Property tax revenue projections were scrutinized, especially in light of historical increases and the influence of home sales on tax revenue. The committee examined various revenue streams, including electric utility tax, franchise fees, and sales taxes, noting both increases and decreases. Concerns were raised about declining sales taxes and other revenue streams such as building permit fees and impact fees.

The Stormwater Fund was also discussed, showing significant operating income, with funds potentially allocated for the Pent Gras Project. The committee also considered the implications of the upcoming budget public hearing and survey, intended to engage residents in the budgeting process and gather their input. The survey is set to be distributed through “Connect Tarpon Springs,” with the public hearing scheduled for June 11th.

A debate on the percentage for the General Fund restricted funds surfaced, with discussions on the possibility of adjusting the policy and the process for such changes. There was also a suggestion to consider a fund balance policy for the golf course and marina, though this idea is to be explored further in the future.