The Largo City Commission and Finance Advisory Board convened on July 25, 2025, for a budget work session focused on the proposed fiscal year 2026 budget. The meeting aimed to discuss the city's financial standing and strategic priorities as they prepare for the upcoming budget cycle.

City Manager John stated that while the city has experienced slower growth in property values, the proposed budget is not a "doomsday budget." He emphasized the importance of maintaining a minimum fund balance of 10% and indicated that while no drastic changes are necessary this year, alternative spending and revenue strategies will be needed to meet long-term financial goals.

Verity Simones, who presented an overview of the strategic priorities, highlighted that the city is in a strong financial position due to long-range planning and adherence to fund balance policies. She noted that the budget reflects priorities established by the city commission and the community, including downtown activation, community recovery from recent hurricanes, and improvements in customer service delivery within the city's permitting function.

The meeting also outlined the budget process, which begins each October and November, involving rigorous prioritization sessions and community engagement. The commission plans to adopt a new strategic plan in the next 90 days, which will align with the budget discussions.

Overall, the session underscored the city's commitment to thoughtful financial management and strategic planning as it navigates current economic challenges while preparing for future growth and community needs.