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Finance committee approves $600,000 hotel‑motel transfer and multiple budget amendments
Summary
The Waterloo Finance Committee approved amendments totaling several hundred thousand dollars, including a $600,000 increase to cover hotel‑motel debt service, $700,000 in cash on hand allocations, and $56,897 for phase 1 Ridgeway Towers kitchen remodels.
The Waterloo City Council Finance Committee approved several budget amendments on May 5 to adjust revenue and expense lines across departments, including a $600,000 increase to budget for a hotel‑motel tax debt service transfer that was not in the original FY25 budget submission.
The committee approved an amendment to increase reimbursement for service revenue and travel/professional training expenses by $6,057 for the police department; a $700,000 amendment…
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