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Smithville presents five-year CIP with funding shortfalls, asks board to set priorities
Summary
City staff presented a draft five-year capital improvement program that shows rising project costs, multi‑million-dollar reimbursements, and negative fund balances in several sales‑tax funds; staff urged the Board of Aldermen to set priorities and consider timing or external financing.
City staff presented a proposed five-year capital improvement program and asked the Board of Aldermen to identify priorities after staff flagged rising costs and tight fund balances.
The proposal, introduced by Rick, a city staff member, lays out projects across multiple funds including transportation sales tax, capital improvement sales tax and the general fund, and shows growing reimbursements and higher project estimates that together tighten the city’s cash position. "The right now, the reimbursements are just over $6,000,000," Rick said, adding the total project estimates tied to those reimbursements are "just over $15,000,000." He summarized the five‑year list for 2026 at about $12,700,000 and noted multi‑year spikes in later years.
Why it matters: the CIP directs which large public projects move forward and when. Staff said several projects with external…
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