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Cooper City officials warn of sharp budget impact if property-tax revenue is cut
Summary
Commissioners reviewed a new revenue-forecast model and were told property taxes make up roughly half of the city's general-fund revenue; officials discussed scenarios if state action reduces property-tax collections and the need to plan for next year's budget.
Commissioners at the Cooper City Commission's May 27 meeting were told that property taxes account for about half of the city's general-fund budget and that the city must factor potential state changes into next year's budgeting.
In a presentation on the six-month financials ending March 31, the finance staff introduced a revenue-forecast model intended to project revenues for the remainder of the fiscal year and support next year's budget planning. The model is appended to the monthly financial report that commissioners received before the meeting.
The finance…
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