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Port Richey officials say reserves remain healthy as staff refines CIP priorities
Summary
City staff presented updated reserve schedules and a draft capital improvement plan; councilors heard options to prioritize water, sewer and public-safety projects while noting a tighter spending outlook if projected revenues fall.
City officials told the Port Richey City Council at a budget workshop that the city enters the coming budget year with what staff described as a solid reserves position but that council will need to prioritize capital projects as one-time and recurring costs materialize. City Manager Andrew Butterfield opened the discussion, saying the meeting would focus on the capital improvement plan and follow-up questions from last week’s budget workshop. Finance Director Adam Thompson presented a reserve schedule showing year-end balances and…
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