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Florence reviews FY27 budget gap, flags wastewater shortfall and debates property‑tax options
Summary
At an April 28 work session, Florence staff outlined a FY27 budget showing a roughly $20.4 million townwide gap (handled partly with fund balance), warned of a stressed wastewater fund and proposed a rate study; council discussed five levy options ahead of the June Truth in Taxation hearing and heard a public pitch to seed a downtown nonprofit.
Florence officials on April 28 held a nonvoting work session to review the town’s FY2027 budget, proposed changes to the capital improvement plan and options for the property‑tax levy, with staff warning the wastewater fund needs long‑term fixes.
Carl, the town finance presenter, told the council the town forecasts about $57.8 million in total revenue against $78.2 million in expenditures for FY27, producing an overall budget gap the town plans to address in part by drawing on fund balances and previously earmarked reserves. "We are going to commission a rate study hopefully at the end of FY27," Carl said, referring to wastewater rate planning to support a 10‑year CIP and operational forecast.
Why it matters: the finance presentation showed strong overall cash and investment holdings in pooled accounts and a large PFM account, but several enterprise funds (notably wastewater and certain transportation funds) have dipped into reserves.…
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