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Timnath presents tight 2026 budget; staff flags likely $14 million borrowing in 2027
Summary
Town staff told the council a structurally balanced five‑year budget is achievable but tighter than recent years, driven by a projected 20% drop in building‑related revenues and assumptions that could require a roughly $14 million debt issuance in 2027 to fund planned infrastructure.
Town staff presented a draft 2026 budget that projects a structurally balanced five‑year outlook but warns the plan will be tighter than recent years and likely require debt issuance in 2027.
At a work session, staff said recurring revenues are expected to exceed recurring expenditures through 2030 and the town will meet its policy minimum working‑capital reserve of 25%. The presentation noted a projected 20% reduction in building‑related revenue and permit fees for 2026 and a forecast assumption that could require about $14,000,000 in debt issuance in 2027 to pay for planned infrastructure projects.
The council heard staff’s revenue assumptions and…
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