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Sarasota presents midyear budget and CIP; resurfacing costs and surtax priorities push board to weigh public‑private partnerships
Summary
County staff reported FY‑2025 midyear finances, a five‑year capital improvement program and rising resurfacing costs that are prompting discussion of public‑private partnerships and possible new revenues to meet pavement preservation and major thoroughfare needs.
County staff presented a midyear financial update and the proposed Fiscal Year‑2026 capital improvement program at the May 21 budget workshop, highlighting strong utility revenues, storm‑driven permit and recovery work, and pressure on the county’s pavement‑management program from rising construction costs.
Finance director Kim (surname not specified in the record) said major FY‑2025 revenues were generally tracking close to budget through March: utilities were about 7.1% above budget and general fund major revenues were roughly 1% below budget year‑to‑date. Kim noted tourist development tax receipts were down compared with the prior year’s peak, likely reflecting storm impacts on visitation. Staff also said building permits and inspections surged following last year’s storms: the county had a record of more than 50,000 permits in 2023 and was on a high permit trajectory in 2024–2025 as recovery work continued.
Capital projects director Carolyn Eastwood gave an…
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