The fiscal winnings of record year for tourism in Sarasota County will be slightly muted by a landmark budget debate in Congress.
The county must cover a roughly $92,000 budget shortfall for the 2013 fiscal year due to the automatic cuts in federal spending — or the sequestration. Nearly $40,000 will come from tourist development taxes, according to an email from Chief Financial Planning Director Steve Botelho to County commissioners.
The county must allocate $39,887 to replace federal subsidies on bonds out of the fund, which short-term rental properties fund through levies. Revenues from utility system funds will cover the remaining deficit.
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1 Community Cookout
2 3rd annual 'Power of the Girl' Business Breakfast
2 French apÃ©ro evening
5:00 pm - 7:00 pm
2 Florida's Children First 2014 Sarasota Reception
5:30 pm - 7:30 pm
Bridging the gap
The Children’s Guardian Fund wants to help teens get hired.
Win big in two Observer contests
Starting in October, the Observer will now offer prizes for winners of the weather photo contest, sponsored by Manasota Flooring Inc.
Can you dig it?
Third- and fourth-grade students of Temple Beth Sholom had a chance to brush up on their paleontology skills last week while digging for faux dinosaur bones.