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Sarasota County reviews FY24 results and flags state tax and pension risks ahead of FY26 budget
Summary
County staff presented FY24 unaudited results, reserve balances and capital plans, and warned commissioners that pending state proposals—including a proposed sales‑tax cut and changes to homestead exemptions—could materially affect future budgets; staff reiterated a flat millage assumption and outlined next steps for the FY26 cycle.
Sarasota County staff told commissioners on March 27 that FY24 closed better than expected but that the county faces significant revenue uncertainty from active proposals in Tallahassee.
Rob Lewis, county administrator, opened the budget workshop by describing the year‑round budget process and the assumptions staff will use in preparing the FY26 model. Lewis cautioned the board the county is watching roughly 400 bills this legislative session that could affect county revenue and operations and noted one of the county’s appropriations requests (Lorraine Road) appears in a Senate committee chair’s proposed budget.
Kim Radke, director of the Office of Financial Management, presented FY24 unaudited results…
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