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Manager presents incentive capital wish list and closes 2018 audit; trustees told larger projects may wait multiple budget cycles
Summary
Village Manager shared an incentive capital wish list and reported the 2018 audit has closed with an unassigned fund balance of about $2.1 million; he said large bond‑funded projects would likely need multiple budget cycles and that staff continues to explore financing options.
Village Manager Mike Mills presented a proposed incentive capital plan and an update on the village's audit during the Jan. 14 work session, describing the document as a preliminary "wish list" of capital priorities rather than an adopted plan.
Mills said the village has received significant paving work paid for by utility penalties and obligations (Con Edison projects) and that the…
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