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Prescott Valley adopts first standalone five-year CIP totaling about $265 million; council sets tentative 2025-26 budget for public hearing
Summary
Council approved the town's first standalone five-year Capital Improvement Plan (about $265 million total with roughly $62 million in year one) and authorized publication of the tentative FY2025-26 budget of $221,501,940 with a public hearing set for June 26.
The Prescott Valley Town Council on May 20 adopted the town's first standalone five-year Capital Improvement Program (CIP) and associated financial plan and authorized publication of the tentative fiscal-year 2025-26 budget, setting a public hearing for June 26.
Finance Director Selena Morris presented the CIP as a planning document totaling roughly $265 million over five years, with an estimated first-year program of about $62 million. Morris said the plan prioritizes streets, transportation and water projects in the early years and includes potential funding…
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