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Railroad fund needs subsidy; utilities historically transfer funds and federal grant work must finish before outsourcing
Summary
Staff told council the city’s railroad enterprise fund will likely require a utilities transfer in FY2026 to avoid negative cash; transload operations are self‑sustaining but railroad charges are industry‑set and federal grant conditions must be satisfied before further restructuring.
Staff reported that the city’s railroad enterprise is expected to require a transfer from the utilities group in FY2026 to avoid negative cash levels. Aaron Keys, utilities director, and Megan Montesinos (staff) explained that the railroad previously operated without subsidies for a few years, but FY2026 projections show the need to reinstate a prior transfer. Montesinos said the transfer is not new but a…
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