Staff warns 'Amendment 3' could force major cuts to Fort Pierce budget
Summary
City finance staff used a $150,000 property example to show how passage of 'Amendment 3' would eliminate roughly $1,045 in city revenue per property and force 'drastic changes' to current budget plans, staff said.
During the budget presentation, finance staff walked commissioners through a $150,000 property example to illustrate how local tax revenue is allocated among taxing authorities and how a change in state policy could reduce city receipts. Miss Morris said the city would lose about $1,045 on that single property if 'Amendment 3' passes and repeatedly cautioned that the city budget before the commission would not withstand that loss without significant cuts.
"So if amendment passes for that 1 property, we get to do all the services that we have to do 1000 45, and that will go away," Miss Morris said, warning of a material budget impact. She and commissioners noted departments have already been trimmed and some reductions (a previous 10% across departments) were implemented; staff said the current proposal is at a near 'bare minimum' and that passage of Amendment 3 would require 'drastic changes.'
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