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Staff flags $133.34 million capital‑needs shortfall; commissioners consider timing and alternative matches
Summary
The county reported an approximately $133,340,000 shortfall to fund the capital‑needs assessment through FY31; staff said reduced millage and valuation assumptions tightened capital revenue and recommended revisiting project timing, prioritization and alternative funding including HMGP/CDBG match strategies.
Budget staff told commissioners that after adjusting for millage reductions and updated valuation assumptions, the county faces a capital‑projects funding shortfall of about $133,340,000 through fiscal year 2031.
Lisby said staff lowered revenue projections for the capital projects fund to reflect the millage reduction and an 8 percent valuation assumption for FY27. She added that several HMGP projects now have clearer match eligibility through CDBG and that timing or prioritization changes may be needed; without alternative funding the county will have fewer dollars to contribute to the capital needs assessment.
Commissioner Constance urged the board to make a Tallahassee funding request to fill the HMGP match gap; he referenced an initial ask of roughly $20,000,000. Staff said they will include this request among FY28 legislative priorities and continue to explore impact fees, sales tax, special assessments and fee studies as alternatives.
