Key West commission tentatively adopts $331.4 million budget; commissioners pledge follow-up on bonds and reserves

The City Commission tentatively adopted a $331,385,560 budget for FY2026–27 and directed staff to provide further detail on bond-related debt service and reserve impacts before final adoption.

Staff highlighted that the general fund tentative amount is $103,555,905 (about a 2.1% increase over FY26), and said the all-funds increase is largely driven by capital investments, grant-funded projects and planned bond issuances. Christina Prevaldi told commissioners the budget includes about $35.4 million of grant funding and roughly $89.4 million of capital investments.

Commissioners raised several follow-ups: requests for a presentation on Fire Station 3 scope and costs, detail on stewardship fund priorities, and a breakdown showing how $45,000 in youth-league funding would be allocated. The commission approved the tentative budget by roll call; staff will return with detailed bond and project cost information at upcoming meetings.