Advisory committee debates using reserves, lowering millage after dredging debt payoff
City finance staff presented projections through 2034 showing debt service and projected cash accumulation; members debated prepaying loans versus lowering the special taxing district millage and preserving reserves for emergencies.
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Stefan Masal, the city’s finance director, presented a multi‑year financial projection beginning with fiscal year 2026 and extending to 2034, noting Curlew Canal special assessment proceeds are expected to phase out around 2031. "The projection begins, with fiscal year ending 2026, the year that we're in now, and it actually spans into the future to 2034," Masal said and walked the committee through projected ending cash and loan balances.
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