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Finance staff warns of CIP funding gap; council discusses county survey and potential sales tax option
Summary
City finance staff presented revenue and transfer history and proposed cuts to bring the CIP into a bondable position; council discussed a county‑led survey and the possibility of a county sales tax to fund infrastructure.
Angela (city finance staff) reviewed recent transfers and the five‑year CIP financing picture, warning that the city’s proposed CIP requests exceed available cash transfers and bonding capacity without additional cuts or new dedicated revenue. She and staff presented a list of proposed adjustments — including deferring some downtown maintenance, reducing traffic‑signal and bridge allocations and funding some projects from reserves — to lower the proposed bonding amount.
Nut graf: Staff said meeting the city’s long‑term bonding and transfer targets will require…
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