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Pasco budget office presents FY27 revenue scenarios; flags possible $88.4M hit from tax reform
Summary
Budget director Amy Farrell briefed commissioners on FY27 budgeting, showing 4–8% taxable assessed value scenarios, modest revenue gains ($6M–$16M depending on growth) and potential exposure if state property tax reform proceeds (staff cited a possible $88.4M loss under some proposals).
Amy Farrell, Pasco County budget director, presented the county’s FY27 budget cycle timeline, revenue projections and scenario planning on Feb. 17, telling commissioners the local economy is returning to a pre‑COVID pattern but that rising costs and potential state property tax reforms create uncertainty.
Farrell outlined three taxable assessed value growth scenarios (4%, 6%, 8%) and explained how those scenarios translate to general‑fund revenues after statutorily required allocations; for example, a midrange scenario was presented as…
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