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TIDA presents draft FY 2025–27 budget; parks maintenance and subsidy lines flagged for further detail
Summary
Treasure Island Development Authority staff presented a draft fiscal‑year 2025–27 budget on Jan. 8, showing authority costs of about $14.7 million, city costs of about $6.4 million and a subsidy budget of about $6.1 million, and noting the total draft is roughly $7.4 million lower than the prior year’s budget.
Treasure Island Development Authority staff presented the board with a draft fiscal‑year 2025–27 budget on Jan. 8, outlining three budget categories: authority costs that must be funded from leasing revenues, city costs that are billable and reimbursable, and a subsidy budget for affordable housing and park startup costs.
Director Bob Beck, presenting the draft, said: "The overall budget is some 7 point, almost $7,400,000 lower than last year's budget." He described the three budget buckets and said the authority cost budget is approximately $14,700,000, the city cost budget about $6.4 million and the subsidy budget about $6.1 million (figures as stated in the presentation). Beck said the decrease is largely tied to the pacing of draws from the housing…
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