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Mayoragenda calls for larger Pensacola Energy transfer as council raises questions
Summary
The mayoradministrationproposed increasing the share of Pensacola Energyrevenues transferred to the general fund to 20% for FY2026, a change finance officials say is needed to offset lost revenue. Council members pressed for more detail on use of proceeds, bond plans and risks to credit ratings.
City finance officials told the City Council during an annual budget workshop that the proposed fiscal 2026 budget relies heavily on a larger transfer from Pensacola Energy, and invited council questions about risks and alternatives. Finance Director Yvettedescribed a proposal to raise the portion of Pensacola Energy revenues transferred into the general fund from the councilpolicy cap of 15% toward 20%, saying: “The general fund transfer in from Pensacola Energy is increasing 3,300,000.0 or 34.48.”
Mayor Tim Reeves and finance staff said the increase is meant to replace a previously steady revenue source that is no longer available and to help maintain services while other major local revenues remain flat. The mayor framed the change as part of a longer-term plan to…
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