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Oviedo staff warns council of budget risks and outlines police-station financing options amid state tax debate
Summary
Finance staff presented a multi-year cash analysis and police-station debt scenarios, and warned that state-level property-tax reform (House Bill 203) could create a significant multi-million-dollar shortfall unless the Legislature or voters act.
City finance staff told the Oviedo City Council that the city's general-fund balances have strengthened in recent years — helped by higher consumption-based revenues, ARPA capital allocations and increased investment income — and outlined options to reduce debt exposure ahead of a planned police-station bond.
The finance director reviewed a history of cash balances and one-time revenue sources, and said staff is considering establishing a…
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