Jacksonville's Budget Gap
The City of Jacksonville has a budget hole to fill. But how large the gap is depends on if the City Council approves pension reform plans.
The Mayor’s office released a preliminary budget Monday that shows an $18 million deficit with pension reform or $64 million without.
The City Council hasn’t approved the pension plan, and has requested two different versions of the budget, but now the Finance Committee says it wants just one final version.
Councilman Stephen Joost says it’s not necessary to have two different budget proposals since the council is charged with approving the final spending plan.
Mayor Alvin Brown says he hopes the pension reform plan will be approved prior to his budget presentation next month.
But if not, he says the budget will assume the savings will be realized.
The budget proposal keeps the millage rate at its current level.