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Council questions inclusion of $33 million in proposed FY26 budget; staff to post revised binder and follow up
Summary
On June 19 East Point councilors pressed staff over $33 million in bond proceeds included in the advertised FY26 ordinance, arguing the funds are not yet authorized and should not be budgeted as presented
East Point councilors sharply questioned staff and the interim finance team at a June 19 work session about the city's proposed FY26 ordinance, which staff said had been adjusted to show $247.1 million in total resources after a late addition of roughly $18 million in anticipated bond proceeds. Several council members objected to including $33 million of bond proceeds in the advertised budget when the type of bond and revenue to service debt had not been finalized.
"Why are we budgeting ghost funds at this point?" Mayor Pro Tem (Councilmember) Martin Rogers asked, noting that the $33 million would not be available unless council decided to proceed…
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