For over eight hours Tuesday, St. Petersburg City Council members discussed the city’s fiscal year 2023 (FY23) operating budget - Mayor Ken Welch’s first - which includes $324.3 million in projected general fund revenues with $326.4 million in projected expenditures.
While those figures result in a preliminary general fund budget gap of $2.1 million, the city’s background documents noted a higher projected gap of $3.6 million at this point last year. Per Florida Statute, the city administration balanced the FY22 budget, and the document states it will balance the FY23 budget before Welch submits the final proposal to city council on July 15.
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