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City budget faces $200000 rent hike for sports complex

August 07, 2024 | City Commission Workshop Meeting, New Smyrna Beach, Volusia County, Florida


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

City budget faces $200000 rent hike for sports complex
During a recent government meeting, officials discussed the financial performance of the airport, highlighting a slight increase in avgas sales for piston engines, while jet fuel sales experienced a minor decline. The primary source of revenue for the airport remains the leasing of land and facilities.

A significant update was provided regarding the sports complex, which the city leases from the airport. The latest appraisal valued the 76-acre complex at $3,485,000, resulting in a new rental fee of $418,000—an increase of approximately $200,000.

Despite these developments, officials noted that there were few changes to the overall budget. The only additional funding request was for $200,000, with $100,000 earmarked for ongoing building maintenance needs. The meeting underscored the airport's stable financial outlook, with no major unfunded projects on the horizon.

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