Tallahassee balances $1.2 billion budget amid looming tax cuts
Tallahassee commissioners are set to approve a $1.2B budget, but staff says future spending hinges on pending property tax cuts.
The Tallahassee City Commission is set to approve a balanced budget of $1.2 billion for the third fiscal year in a row, even as the future of property and sales taxes – the city's largest revenue sources – is far from settled.
City staff has been closely monitoring the Legislature, which has worked to significantly cut taxes with a ballot initiative that is set to go before voters in November.
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