Thursday, January 05, 2006

SRIA Income Down

In recent good years, the SRIA collected nearly $6.5 million a year in residential and business lease income. Nearly 12% of that traditionally was earmarked for the infamous slush fund cookie jar known as "advertising and promotion."

Today, Sean Smith reports the SRIA is projecting more than a 25% reduction in lease revenues for 2006. The advertising and promotion budget apparently has been halved. Once again, the long-promised public safety building for lifeguards and EMT personnel has been scuttled. The long-sought residents' recreation center is at best a dim memory.

"We're running on a bare-bones budget," says the SRIA's elected representative, Thomas Campanella.

No doubt, too, the budget is based on the optimistic assumption that hurricanes stay away from Pensacola Beach this year.

No comments: