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Council hears plan to apply water-fund dollars to debt service, lowering 2026 levy
Summary
City staff said they will use $100,000 from accumulated water-fund hook-up and user fees to transfer to the debt service fund, reducing the amount to be raised by property tax for 2026; staff explained water and sewer funds are enterprise funds and generally funded by users.
City staff told the council July 14 that the 2026 budget proposal includes a $100,000 transfer from the water fund to the city’s debt service fund to lower the levy required for 2026.
Mike (staff member) and other staff explained that the water fund contains accumulated hookup charges and other user receipts collected since the water system was installed and that staff propose using…
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