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Council approves transfers to repay temporary sewer loan; $101,000 interest to be handled separately
Summary
The council approved resolution 2025-10c to reduce appropriations and transfer funds to repay a temporary loan from the Sewer fund; staff said the action repays most of the loan while a $101,000 interest amount will be addressed through the Board of Public Works once funds post to the account.
The Madison City Council approved a resolution to reduce certain budget appropriations and transfer funds between funds to repay a temporary loan from the sewer fund, city staff said.
City staff explained the transfers mirror a prior presentation and are intended to move available appropriations to the Sewer Capital Fund to repay the loan. Staff noted the action does not cover a…
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