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TIDA board approves two‑year budget reflecting grant changes and housing subsidies
Summary
The Treasure Island Development Authority approved a balanced FY27–28 budget reflecting new transportation funding assumptions tied to a $12M IIG reallocation, with authority, city-cost and subsidy budgets described and several line-item reallocations explained to commissioners.
The Treasure Island Development Authority board approved its two‑year budget for fiscal years 2026–27 and 2027–28 after a public presentation and discussion from staff. Acting finance lead Jamie Cruben presented the budget as a balanced proposal reflecting recent grant developments.
Cruben told directors the consolidated proposal forecasts roughly $48,200,000 in revenue and expenditures for FY27 across three budget categories: the authority cost budget (operations, supported primarily by leasing revenues), a city cost budget…
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