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Committee trims facilities fund transfer, freeing roughly $82,000 for other uses
Summary
Budget committee approved reducing the city's contribution to its facilities fund to $50,000 per year (from $100,000), lowering the biennial transfer and freeing roughly $82,000 for reallocation to other priorities.
The Stayton Budget Committee voted to reduce the city's planned transfer into the facilities fund from $100,000 per year to $50,000 per year, freeing roughly $82,000 from the general fund over the two-year budget period.
Staff told the committee the facilities fund originally was created to save for a long-term civic facility (a new city hall) and to cover significant repairs to city-owned buildings. The fund currently holds a balance staff said is approximately $800,000 and…
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