St. Pete officials prepare for millions in lost tax revenue

St. Petersburg is preparing for a financial problem city leaders hope never arrives.

Months before Florida voters decide whether to approve Amendment 3, city administrators are preparing to hire a consultant to develop a fire assessment, one of the few legal ways the city could replace lost property tax revenue if the constitutional amendment passes.

The move would not immediately create a new fee. Instead, it would allow the city to begin the work needed if voters approve a measure administrators estimate could reduce St. Petersburg’s General Fund revenue by $33 million in fiscal year 2028 and another $21 million the following year…

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