Projected Deficit in Super Year
Tampa is facing a $16.8 million budget deficit next fiscal year assuming that property tax revenues grow at 3 percent and there's $500 million in new construction. And, the need for budget cuts is coming in the same fiscal year the Super Bowl is coming to town.
Hosting the Super Bowl is just one reason why Tampa Mayor Pam Iorio is not looking to cut police or fire services despite a projected deficit of almost $17 million next year
When Tampa hosted the Super Bowl in 2001, it cost the city about $1 million. But that was prior to 9-11 and enhanced security requirements.
Iorio acknowledges it will be a financial burden.
'But, I'm very proud we are hosting the fourth Super Bowl,' Iorio said. 'We're going to meet this challenge. We're going to balance the budget, preserve the important services to the public and never lose sight of the fact that the City of Tampa is going to keep making progress.'
Iorio met with city council members to review budget projections Wednesday. They plan to meet again in three weeks.
Iorio plans to balance the budget by enacting more government efficiencies, shifting some programs and through a reduction in the city's bond obligation.
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