LARGO â City Manager Henry Schubert released the fiscal year 2022 budget June 30, and it appears Largo has not only weathered the financial storm caused by the pandemic, but it might be coming out the other side in an even better position.
The total budget reflects a 36.91 percent increase in expenditures from the FY 2021 budget.
The total gross expenditures are $256.7 million for all funds, including $95.5 million for the general fund.
âThe past year saw numerous steps forward for our community and this budget will continue that forward progress,â Schubert wrote in his introduction to the budget.
The COVID crisis
According to the budget, revenue losses from the pandemic have totaled about $4 million.
LARGO — City commissioners on Jan. 5 approved paying $1.44 million to purchase five properties on the 400 block of West Bay Drive that they hope one day will be