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Finance committee approves $27.5 million in TIF carryover, $900,000 for sewer pumps and SRO funding
Summary
The finance committee approved budget amendments to carry over $27,530,600 in unfinished TIF project funds, allocate $900,000 for eastern raw wastewater pumps, increase a $5,000 Veteran Memorial Hall appropriation and adopt a $460,755 school resource officer project budget partly funded by the Waterloo Community School District.
The Waterloo Finance Committee on Aug. 4 approved multiple budget amendments, including a $27,530,600 carryover for tax-increment financing (TIF) projects not completed by the end of fiscal 2025 and a $900,000 amendment to buy eastern raw wastewater pumps.
The committee also approved a $5,000 increase in cash-on-hand revenue and matching expense lines for Veteran Memorial Hall and accepted a project budget of $460,755 for school resource officers, funded in part by the Waterloo…
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