The Longboat Key Town Commission will discuss budget and pension issues at its regular workshop today.
The first item on the agenda has to deal with a proposed $100,000 comprehensive study of the town’s three pension plans.
Town Manager Bruce St. Denis, the Town Commission and pension board trustees are expected to discuss whether the study should be performed to look at various alternative options for the plans, which contain more than $25 million in unfunded liabilities.
St. Denis also will give a preliminary budget update today. The town manager will tell the commission that another 10% drop in property values, another pension shortfall and the addition of two police officers will leave the town with a projected $1.88 million budget deficit for the 2010-11 fiscal year.
St. Denis explains in a preliminary budget memo that Police Chief Al Hogle has expressed concerns with police coverage and at least two more officers are needed.
The commission also will consider approving a $225,000 budget transfer for a project that will bring 7,500 cubic yards of sand to the north end of the island. That project could begin as early as Friday and must be completed before the start of sea turtle nesting season May 1.
Also at its workshop today at Town Hall, 501 Bay Isles Road, the commission will:
• A draft resolution prepared by the town attorney addressing term limits as applied to partial term limits.
• A draft ordinance that places a referenda question on the March 2011 town ballot that addresses term limits as applied to partial terms.
• The possibility of making some changes to the town charter in the future in regards to commissioner requirements.
• An opportunity for the town to receive designation as "Tennis Town USA,” which comes along with a $100,000 first prize award.
To see what the commission decided, check www.YourObserver.com later today for a workshop wrap-up update.
Contact Kurt Schultheis at email@example.com.
Currently 0 Responses
22 Nia with Gail on Anna Maria Island
11:00 am - 12:00 pm
23 Nia with Gail on Longboat Key
11:30 am - 12:30 pm
23 Wine Tasting for Mote at Harry's on Longboat Key
4:30 pm - 6:30 pm
26 St. Armands Fine Art Festival
10:00 am - 5:00 pm
A Cinderella story
A 10-week-old miniature pinscher puppy found a “happily ever after ending” at the Celebration of Pets April 12, at the Sarasota County Fairgrounds.
Pharmacy brings dose of medicine to Publix
The in-store pharmacy of Longboat Key Publix opened Monday, approximately 16 months after the completion of the new store at 525 Bay Isles Parkway, in the Shoppes of Bay Isles.
Golfer scores victory with less than a stroke
The Longboat Key Masters Golf Tournament, which took place March 28 through March 31, at the Resort at Longboat Key Club’s Islandside and Harbourside golf courses came down to less than one stroke’s difference between first-place winner Kevin Preston and second-place winner Michael Russell, of Longboat Key.