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Highlands board unveils $40.8 million FY2025-26 budget; public hearing set
Summary
Town Manager Josh Ward presented a balanced $40,825,628 budget that relies on multi-fund reserve appropriations, proposes utility rate increases and two new police officers, and the board set a public hearing on the proposal.
Town Manager Josh Ward presented the Town of Highlands’ proposed fiscal year 2025–26 budget, saying the “revenues and expenditures presented within the budget are balanced.” The document totals $40,825,628 and includes appropriations from the town’s fund balances to close current-year gaps.
Ward told the board the proposed budget would appropriate $2,665,632 from the general fund balance, $499,845 from the water fund balance and $2,642,878 from the electric fund balance to cover capital projects, debt service and operations. He said capital spending in the proposal totals $19,899,695, with $13,086,495 expected from three grants.
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