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Municipal Building Authority adopts FY25‑26 budget allocating $3.1M to debt service and $16M to public works

3865198 · June 19, 2025

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Summary

The Municipal Building Authority of Murray City adopted a budget that reflects $3.1 million in interfund revenue to service debt and a planned allocation of about $16 million for public works projects from reserves/bond proceeds.

The Municipal Building Authority (MBA) of Murray City held a public hearing and unanimously approved a resolution adopting its budget for the fiscal year beginning July 1, 2025 and ending June 30, 2026.

Brenda Moore presented the MBA budget to the board. She said the MBA’s fiscal package shows roughly $3,100,000 in revenue transferred from other funds to cover rent and debt service and a plan to direct approximately $16,000,000 from reserves or bond proceeds toward public works projects. The presentation noted that the $16 million represented planned use of MBA bond proceeds and on‑hand reserves to support capital work in the coming year.

Following the public hearing the board moved to adopt the resolution. A roll‑call vote recorded unanimous approval; the chair adjourned the MBA session after the vote.