Panama City Beach officials will meet at city hall for a workshop aimed at framing the budget for 2010. While these are somewhat preliminary workshops, it is apparent that hard economic times, which have disturbed budgets everywhere, will muddle Panama City Beach’s budget as well.
As it stands, draft projections for the 2010 city budget forecast recreation expenditures to increase from $2,563,803 to $3,509,428, nearly $1 million. The new library, which broke ground back in April, will cause library expenditures to increase from $889,010 to $1,675,950. On top of that, law enforcement expenditures will increase from $5,301,011 to $5,888,759 more than $500,000. But the plus side to that is police officers will finally get the upgrade in patrol cars which were delayed last year. And as the economy continues to turn around as well as the completion of the new airport, Panama City Beach tourism should see a significant increase amplifying the need for well-equipped officers.
The city’s contingency fund, by the end of the 2010 fiscal year will take an estimated $2.2 million dip.
These continuing workshops should help city officials stamp out what will be a tough budget to manage.