FY27 Mayor's Recommended Budget
Summary
Mayor Welch unveiled the FY27 recommended budget — $1.05 billion overall, with the property tax rate held at 6.4525 mills even as property values push tax collections up 6.47%. The big ask: voters will likely be asked to approve a ~$600 million general obligation bond for sewer upgrades, flooding solutions and neighborhood resiliency. Council digs in July 30 with public hearings September 3 and 17.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jul 16, 2026.
Impact analysis
The general fund grows $25.4 million (6.17%) to $437.3 million; the flat millage rate means rising property values, not a rate hike, drive the roughly $14.8 million increase in property tax revenue — and the proposed GO bond could be a major long-term cost for taxpayers if approved by voters.
Residents get continued services, boosted street and stormwater investment, and — if the bond passes — faster flood and sewer fixes without steep water-rate hikes.
Homeowners facing rising property values will pay more in city property taxes even with the rate unchanged, and renters may see costs passed through.
Mentions & discussions (1)
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for St. Petersburg
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.