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Punta Gorda council hears budget public hearings on seawalls, canal maintenance and reserve adjustments
Summary
At a city council session, staff explained that seawall costs are coming from the general fund, canal maintenance assessments do not cover those seawalls, and staff clarified a $100,000 reserve/capital adjustment; finance staff said projected general revenues fall due to lower interest income.
Punta Gorda City council reviewed budget public hearing items including canal maintenance districts, seawall funding, a reserve adjustment for fencing and projections showing a drop in general revenues tied to lower interest income.
The council opened public hearings on the budget and answered questions about who pays for seawalls. When asked whether seawalls fronting Gilchrist Park and Ponds Park are covered by the assessment district, a staff member replied, “Those are…
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