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City presents FY26 plan for municipal road aid and coal severance funds; $2 million allocated to street overlay
Summary
At a public hearing, city engineers outlined the proposed FY26 budget for municipal aid (liquid fuel tax) and coal/mineral severance funds, including a $2 million overlay (paving) program, $700,000 for Commerce Street rehab and a new $200,000 pavement-preservation pilot.
City engineers presented the proposed FY26 spending plan for municipal road aid (liquid fuel tax) and coal and mineral severance tax revenues at a public hearing; the commission heard project-by-project allocations and estimated year-end fund balances.
Melissa Chancellor, city engineer, said the FY26 plan begins with a fund balance of $1,501,000 and projects revenues (municipal aid funds, transfers and interest) of approximately $3,303,000, with proposed expenditures of $3,300,000 and an…
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