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Stantec presents Fort Lauderdale fiscal outlook: long‑term pressure on general fund, rising utility and stormwater costs
Summary
Consultants from Stantec updated the Board on updated modeling incorporating the adopted FY2026 budget and CIP, forecasting near‑term general‑fund deficits, large future water/sewer costs tied to the Prospect Lake plant, and multi‑hundred‑million‑dollar stormwater bond plans.
Kyle Stevens, a partner with Stantec Consulting, presented a multi‑fund forecast for Fort Lauderdale that incorporated the adopted FY2026 budget and the capital‑improvement plan. He told the board the diagnostic baseline shows a near‑term general‑fund deficit for FY2027 and larger, recurring deficits beginning in FY2028 driven by expiring grants, pension and COLA increases, and planned new costs.
On the general fund, Stevens said the city implemented a fire‑assessment true‑up last year (roughly a $10.2 million or ~19% increase in FY2026 revenue) and is modeling periodic assessment updates. He called attention to one‑time and ongoing cost drivers,…
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