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Oldsmar warns state property-tax proposals could cut city revenues by millions; council weighs fire assessment, service cuts
Summary
City staff told the Oldsmar City Council that several pending state constitutional amendments could reduce city ad valorem revenue by an estimated $2.7 million under one scenario and urged the council to consider a mix of fee adjustments, special assessments and measured service reductions to protect core services.
City staff told the Oldsmar City Council on Jan. 27 that a package of proposed state constitutional amendments could noticeably shrink the city's general fund and force difficult budget choices.
"If HJR 201 passes as currently drafted, you are looking at a reduction of about $2.7 million starting in fiscal 2028," Garrett Zieluf, the assistant administrative services director, said during a demonstration of the Pinellas County property‑appraiser dataset. Staff showed the tool to illustrate how different ballot scenarios would affect Oldsmar's roughly $7.8 million in ad valorem revenue.
The fiscal context matters: Finance staff presented unaudited FY2025 general fund figures showing total program expenditures of about $18.2 million and program revenues of roughly $3.5 million, leaving net general fund program costs of about $14.7 million that are covered by unrestricted revenues…
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